Ralph Lauren (NYSE:RL) Price Target Raised to $235.00

Ralph Lauren (NYSE:RL) had its target price raised by Raymond James from $215.00 to $235.00 in a report published on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the textile maker’s stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. TD Cowen lifted their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted 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. Guggenheim boosted 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. Finally, StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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 released its earnings results on Thursday, November 7th. The textile maker reported $2.54 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 company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company earned $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis 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%.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently modified their holdings of the company. Trustmark National Bank Trust Department boosted its holdings in Ralph Lauren by 8.6% in the 3rd quarter. Trustmark National Bank Trust Department now owns 14,397 shares of the textile maker’s stock worth $2,791,000 after acquiring an additional 1,142 shares during the period. Cypress Capital Group boosted its holdings in Ralph Lauren by 83.6% in the 3rd quarter. Cypress Capital Group now owns 6,653 shares of the textile maker’s stock worth $1,290,000 after acquiring an additional 3,029 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in Ralph Lauren by 95.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 33,133 shares of the textile maker’s stock worth $6,423,000 after acquiring an additional 16,163 shares during the period. King Luther Capital Management Corp boosted its stake in shares of Ralph Lauren by 4.8% during the 3rd quarter. King Luther Capital Management Corp now owns 154,665 shares of the textile maker’s stock valued at $29,985,000 after buying an additional 7,134 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after buying an additional 60,610 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

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.