Ralph Lauren (NYSE:RL) Price Target Raised to $275.00

Ralph Lauren (NYSE:RL) had its price target lifted by Wells Fargo & Company from $225.00 to $275.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

RL has been the topic of several other reports. Guggenheim raised their target price on shares of Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. TD Cowen lifted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Finally, Barclays lifted their price objective on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.55.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $269.27 on Friday. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The stock has a market cap of $16.72 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The business’s fifty day moving average price is $239.00 and its two-hundred day moving average price is $205.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.18 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, analysts forecast that Ralph Lauren will post 11.73 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.23%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently modified their holdings of RL. Creative Planning grew its stake in Ralph Lauren by 15.4% during the 2nd quarter. Creative Planning now owns 1,952 shares of the textile maker’s stock valued at $342,000 after purchasing an additional 261 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Ralph Lauren in the second quarter worth $715,000. Park Avenue Securities LLC bought a new position in Ralph Lauren during the 3rd quarter valued at $489,000. Czech National Bank grew its holdings in Ralph Lauren by 9.7% during the 3rd quarter. Czech National Bank now owns 8,160 shares of the textile maker’s stock worth $1,582,000 after acquiring an additional 720 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after purchasing an additional 68 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.