Ralph Lauren (NYSE:RL) Given New $285.00 Price Target at Guggenheim

Ralph Lauren (NYSE:RL) had its target price lifted by Guggenheim from $260.00 to $285.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

Other equities analysts have also issued research reports about the stock. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Monday. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $244.91.

Ralph Lauren Stock Performance

Shares of RL opened at $256.68 on Wednesday. The firm has a 50-day moving average price of $233.93 and a 200 day moving average price of $201.85. The firm has a market capitalization of $15.94 billion, a PE ratio of 24.47, a P/E/G ratio of 1.85 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 52-week low of $142.26 and a 52-week high of $260.77.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ralph Lauren will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Institutional Trading of Ralph Lauren

Institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. raised its position in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 62 shares in the last quarter. Savant Capital LLC raised its position in Ralph Lauren by 0.7% during the fourth quarter. Savant Capital LLC now owns 18,837 shares of the textile maker’s stock valued at $4,351,000 after acquiring an additional 127 shares in the last quarter. Empowered Funds LLC raised its position in Ralph Lauren by 241.7% during the fourth quarter. Empowered Funds LLC now owns 12,220 shares of the textile maker’s stock valued at $2,823,000 after acquiring an additional 8,644 shares in the last quarter. Vest Financial LLC raised its position in Ralph Lauren by 29.8% during the fourth quarter. Vest Financial LLC now owns 10,560 shares of the textile maker’s stock valued at $2,439,000 after acquiring an additional 2,422 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Ralph Lauren during the fourth quarter valued at approximately $1,444,000. 67.91% of the stock is currently 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.