Ralph Lauren’s (RL) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a report published on Thursday,Benzinga reports. They currently have a $350.00 target price on the textile maker’s stock.

Several other equities research analysts also recently issued reports on RL. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. TD Cowen boosted their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Evercore ISI boosted their target price on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $336.12.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $319.91 on Thursday. Ralph Lauren has a 12-month low of $176.61 and a 12-month high of $341.90. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The firm’s fifty day moving average price is $316.06 and its 200 day moving average price is $286.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is 29.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RL. Hantz Financial Services Inc. boosted its holdings in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at about $32,000. Banque Transatlantique SA acquired a new position in shares of Ralph Lauren in the 1st quarter valued at about $33,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after buying an additional 110 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

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.