TD Cowen Boosts Ralph Lauren (NYSE:RL) Price Target to $208.00

Ralph Lauren (NYSE:RL) had its price target raised by TD Cowen from $193.00 to $208.00 in a research report sent to investors on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the textile maker’s stock.

RL has been the subject of several other reports. Wells Fargo & Company boosted their target price on Ralph Lauren from $175.00 to $195.00 and gave the stock an equal weight rating in a research note on Thursday. StockNews.com downgraded Ralph Lauren from a buy rating to a hold rating in a research report on Friday, September 6th. Barclays raised their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an overweight rating in a report on Thursday, August 8th. Telsey Advisory Group boosted their price target on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an outperform rating in a report on Friday, September 20th. Finally, Argus restated a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $189.00.

Ralph Lauren Stock Down 0.1 %

Shares of NYSE:RL opened at $196.53 on Thursday. The firm has a market capitalization of $12.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Ralph Lauren has a 1 year low of $108.60 and a 1 year high of $200.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm’s 50-day moving average is $172.48 and its two-hundred day moving average is $173.86.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $2.34 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts predict that Ralph Lauren will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 33.95%.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP purchased a new position in Ralph Lauren during the 2nd quarter worth approximately $31,000. Versant Capital Management Inc increased its position in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Ralph Lauren in the first quarter valued at approximately $42,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.