Ralph Lauren (NYSE:RL) PT Raised to $207.00

Ralph Lauren (NYSE:RL) had its target price increased by Telsey Advisory Group from $195.00 to $207.00 in a research report sent to investors on Friday, MarketBeat reports. They currently have an outperform rating on the textile maker’s stock.

RL has been the topic of several other reports. Guggenheim reissued a buy rating and issued a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. Wells Fargo & Company dropped their price target on Ralph Lauren from $185.00 to $180.00 and set an equal weight rating on the stock in a research note on Friday, May 24th. TD Cowen reduced their price objective on Ralph Lauren from $196.00 to $193.00 and set a buy rating for the company in a research note on Thursday, August 8th. Argus reiterated a hold rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Finally, Barclays raised their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of Moderate Buy and an average target price of $186.00.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $185.31 on Friday. Ralph Lauren has a fifty-two week low of $108.60 and a fifty-two week high of $192.03. The company has a market cap of $11.58 billion, a PE ratio of 19.06, a P/E/G ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The business has a 50-day simple moving average of $170.22 and a two-hundred day simple moving average of $173.35.

Ralph Lauren (NYSE:RL) last released its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $2.34 EPS. Ralph Lauren’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds have recently modified their holdings of the company. Family Firm Inc. acquired a new position in Ralph Lauren in the 2nd quarter worth about $30,000. Gladius Capital Management LP acquired a new stake in shares of Ralph Lauren in the second quarter valued at about $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren during the first quarter worth about $42,000. Versant Capital Management Inc raised its position in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Ralph Lauren in the 1st quarter valued at about $63,000. 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.