Ralph Lauren (NYSE:RL) Stock Rating Upgraded by Argus

Argus upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research note published on Tuesday, MarketBeat Ratings reports. They currently have $250.00 price objective on the textile maker’s stock.

A number of other research analysts also recently weighed in on RL. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. 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. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $226.27.

Ralph Lauren Stock Performance

RL opened at $231.56 on Tuesday. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.69 and a beta of 1.50. The business’s 50-day moving average price is $219.58 and its two-hundred day moving average price is $192.90. Ralph Lauren has a 1 year low of $134.90 and a 1 year high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $2.10 EPS. Ralph Lauren’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently made changes to their positions in RL. Huntington National Bank increased its position in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC increased its holdings in shares of 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 purchasing an additional 268 shares during the period. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Signaturefd LLC boosted its stake in shares of Ralph Lauren by 80.8% in the second quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock valued at $64,000 after buying an additional 164 shares during the period. Finally, Quent Capital LLC grew its position in Ralph Lauren by 181.7% during the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after buying an additional 258 shares in the last quarter. 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.