Ralph Lauren (NYSE:RL) Price Target Raised to $275.00

Ralph Lauren (NYSE:RL) had its target price boosted by Wells Fargo & Company from $240.00 to $275.00 in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the textile maker’s stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Cfra Research raised Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, April 14th. Jefferies Financial Group raised their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, TD Cowen raised their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $277.29.

Ralph Lauren Price Performance

NYSE RL opened at $274.65 on Wednesday. The stock has a market capitalization of $16.96 billion, a PE ratio of 25.06, a P/E/G ratio of 1.73 and a beta of 1.44. The stock has a 50-day simple moving average of $222.67 and a 200 day simple moving average of $232.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren has a twelve month low of $155.96 and a twelve month high of $289.33.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s payout ratio is 30.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RL. Principal Financial Group Inc. grew its position in Ralph Lauren by 1.1% in the third quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker’s stock valued at $12,601,000 after purchasing an additional 694 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ralph Lauren by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,325 shares of the textile maker’s stock worth $1,692,000 after buying an additional 118 shares in the last quarter. Czech National Bank increased its holdings in shares of Ralph Lauren by 6.9% during the fourth quarter. Czech National Bank now owns 8,721 shares of the textile maker’s stock worth $2,014,000 after purchasing an additional 561 shares during the period. Wedmont Private Capital acquired a new stake in Ralph Lauren during the fourth quarter worth about $231,000. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Ralph Lauren during the 4th quarter worth $202,000. Institutional investors and hedge funds 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.