Ralph Lauren (NYSE:RL) Reaches New 12-Month High on Analyst Upgrade

Ralph Lauren Co. (NYSE:RL) shares reached a new 52-week high during trading on Wednesday after TD Cowen raised their price target on the stock from $208.00 to $251.00. TD Cowen currently has a buy rating on the stock. Ralph Lauren traded as high as $207.24 and last traded at $206.49, with a volume of 21920 shares. The stock had previously closed at $203.36.

Several other research analysts have also commented on the company. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. The Goldman Sachs Group increased their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Barclays lifted their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.27.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norden Group LLC acquired a new position in shares of Ralph Lauren in the first quarter worth $223,000. Janney Montgomery Scott LLC lifted its holdings in Ralph Lauren by 26.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,241 shares of the textile maker’s stock valued at $609,000 after purchasing an additional 688 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Ralph Lauren during the 1st quarter worth about $42,000. Daiwa Securities Group Inc. grew its holdings in shares of Ralph Lauren by 20.8% during the first quarter. Daiwa Securities Group Inc. now owns 1,287 shares of the textile maker’s stock worth $242,000 after buying an additional 222 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Ralph Lauren by 2.7% in the first quarter. Mutual of America Capital Management LLC now owns 12,230 shares of the textile maker’s stock valued at $2,296,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.0 %

The firm has a market cap of $12.72 billion, a PE ratio of 19.61, a P/E/G ratio of 1.63 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $190.10 and its 200-day moving average is $178.32.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 EPS. As a group, equities research analysts expect that Ralph Lauren Co. will post 11.26 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.82%.

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.