Ralph Lauren (NYSE:RL) Given New $335.00 Price Target at UBS Group

Ralph Lauren (NYSE:RL) had its price target increased by UBS Group from $315.00 to $335.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

RL has been the subject of a number of other research reports. Guggenheim upped their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. 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 stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $244.91.

Ralph Lauren Price Performance

NYSE RL opened at $256.68 on Monday. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.85 and a beta of 1.49. Ralph Lauren has a 12 month low of $142.26 and a 12 month high of $260.77. The company’s 50 day moving average is $233.93 and its two-hundred day moving average is $201.85. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. As a group, research analysts anticipate that Ralph Lauren will post 11.75 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.29%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently modified their holdings of RL. Huntington National Bank increased its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC boosted its stake in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares during the period. AM Squared Ltd bought a new position in Ralph Lauren during the third quarter valued at $58,000. Quent Capital LLC raised its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 270 shares during the period. 67.91% of the stock is owned by 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.