Ralph Lauren (NYSE:RL) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a report issued on Monday.

A number of other equities research analysts have also weighed in on the company. Guggenheim boosted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Raymond James boosted their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised their price target 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $207.85 on Monday. The stock has a market cap of $12.87 billion, a PE ratio of 19.81, a P/E/G ratio of 1.60 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 12-month low of $120.95 and a 12-month high of $237.16. The business’s 50-day moving average price is $197.41 and its two-hundred day moving average price is $181.30.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $2.10 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts expect that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.59%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of RL. M&T Bank Corp grew its position in Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the period. Simmons Bank grew its holdings in Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after buying an additional 62 shares in the last quarter. Commerce Bank grew its stake in shares of Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares in the last quarter. GAMMA Investing LLC increased its stake in Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after buying an additional 68 shares during the last quarter. Finally, Oak Thistle LLC lifted its holdings in Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after acquiring an additional 72 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.