UBS Group Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price target hoisted by UBS Group from $287.00 to $300.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a buy rating on the textile maker’s stock.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $213.87 on Friday. Ralph Lauren has a one year low of $113.92 and a one year high of $237.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.72. The business has a fifty day moving average of $193.77 and a two-hundred day moving average of $179.74. The company has a market cap of $13.25 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $2.10 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts predict that Ralph Lauren will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of RL. Family Firm Inc. acquired a new position in Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter worth $31,000. Versant Capital Management Inc increased its position in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Huntington National Bank increased its position in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. Finally, AM Squared Ltd acquired a new position in shares of Ralph Lauren during the third quarter valued at $58,000. 67.91% of the stock is owned by institutional investors and hedge funds.

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.