Ralph Lauren (NYSE:RL) Given New $415.00 Price Target at Evercore ISI

Ralph Lauren (NYSE:RL) had its price objective lifted by Evercore ISI from $385.00 to $415.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

A number of other research firms have also recently issued reports on RL. Wells Fargo & Company boosted their price objective on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. BTIG Research assumed coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. Guggenheim started coverage on shares of Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $377.71.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $357.00 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. The company has a market cap of $21.65 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The firm has a fifty day moving average price of $362.55 and a two-hundred day moving average price of $329.75. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $380.00.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect 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 was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is 26.98%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Broad Peak Investment Advisers Pte Ltd bought a new position in Ralph Lauren during the second quarter worth about $6,308,000. JPMorgan Chase & Co. raised its position in shares of Ralph Lauren by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after purchasing an additional 117,494 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Ralph Lauren by 18.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after purchasing an additional 5,075 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $899,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Ralph Lauren by 159.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock worth $3,171,000 after purchasing an additional 6,213 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.