Ralph Lauren (NYSE:RL) Price Target Raised to $399.00

Ralph Lauren (NYSE:RL) had its price objective increased by TD Cowen from $354.00 to $399.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities analysts have also recently issued reports about the company. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Needham & Company LLC lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday. Telsey Advisory Group boosted their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $320.53.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $322.27 on Tuesday. The firm has a market capitalization of $19.52 billion, a PE ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.61. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $302.75 and a two-hundred day moving average price of $269.08. Ralph Lauren has a twelve month low of $176.61 and a twelve month high of $322.64.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.9125 per share. The ex-dividend date is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Ralph Lauren by 43.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,373 shares of the textile maker’s stock worth $2,396,000 after buying an additional 3,166 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after acquiring an additional 59 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ralph Lauren by 24,164.5% in the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock worth $56,132,000 after acquiring an additional 253,244 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Ralph Lauren by 74.4% in the 1st quarter. Parallel Advisors LLC now owns 272 shares of the textile maker’s stock valued at $60,000 after purchasing an additional 116 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Ralph Lauren by 12.9% during the 1st quarter. Rhumbline Advisers now owns 75,423 shares of the textile maker’s stock valued at $16,649,000 after purchasing an additional 8,594 shares during the last quarter. 67.91% of the stock is currently 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.