Ralph Lauren (NYSE:RL) Price Target Raised to $257.00

Ralph Lauren (NYSE:RL) had its price objective hoisted by Barclays from $200.00 to $257.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

RL has been the subject of a number of other reports. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. TD Cowen raised their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Raymond James upped their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Guggenheim upped their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Up 0.4 %

Ralph Lauren stock opened at $222.58 on Friday. The firm has a market cap of $13.79 billion, a PE ratio of 21.22, a P/E/G ratio of 1.76 and a beta of 1.49. 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 firm’s 50 day moving average price is $192.92 and its two-hundred day moving average price is $179.41. Ralph Lauren has a twelve month low of $113.92 and a twelve month high of $237.16.

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

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP bought a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $31,000. Huntington National Bank boosted its holdings 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 worth $43,000 after buying an additional 103 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 buying an additional 213 shares in the last quarter. Finally, AM Squared Ltd bought a new position in shares of Ralph Lauren during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds 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.