Guggenheim Raises Ralph Lauren (NYSE:RL) Price Target to $310.00

Ralph Lauren (NYSE:RL) had its price objective upped by Guggenheim from $285.00 to $310.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other research analysts also recently weighed in on the stock. UBS Group upped their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen lifted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $276.55.

Ralph Lauren Trading Down 1.4 %

Shares of Ralph Lauren stock opened at $269.27 on Friday. The firm’s 50 day moving average is $239.00 and its 200 day moving average is $205.85. The firm has a market capitalization of $16.72 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities research analysts forecast that Ralph Lauren will post 11.73 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, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is currently 30.11%.

Institutional Trading of Ralph Lauren

Several hedge funds have recently modified their holdings of the company. Mather Group LLC. increased its stake in Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after purchasing an additional 47 shares during the period. M&T Bank Corp increased its stake 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 worth $321,000 after buying an additional 55 shares during the period. Simmons Bank boosted its position in Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after buying an additional 62 shares during the period. Asset Management One Co. Ltd. grew its stake in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after acquiring an additional 62 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares during the period. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.