Telsey Advisory Group Reiterates “Outperform” Rating for Ralph Lauren (NYSE:RL)

Telsey Advisory Group reissued their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have a $207.00 target price on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on the stock. Guggenheim upped their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. TD Cowen upped their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Stock Up 0.1 %

Shares of RL stock traded up $0.27 during mid-day trading on Thursday, reaching $221.97. 515,744 shares of the company’s stock traded hands, compared to its average volume of 864,756. Ralph Lauren has a 12 month low of $113.92 and a 12 month high of $237.16. The company has a market cap of $13.75 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.65 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 company’s 50-day moving average price is $191.89 and its 200-day moving average price is $178.83.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Ralph Lauren will post 11.33 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.49%. Ralph Lauren’s payout ratio is 31.46%.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Ralph Lauren during the third quarter valued at $2,296,000. Savoir Faire Capital Management L.P. increased its stake in shares of Ralph Lauren by 41.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 23,914 shares of the textile maker’s stock valued at $4,636,000 after buying an additional 6,967 shares during the period. Quest Partners LLC increased its stake in shares of Ralph Lauren by 210.1% during the third quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock valued at $1,196,000 after buying an additional 4,178 shares during the period. Swiss National Bank increased its stake in shares of Ralph Lauren by 3.5% during the third quarter. Swiss National Bank now owns 79,600 shares of the textile maker’s stock valued at $15,432,000 after buying an additional 2,700 shares during the period. Finally, Claro Advisors LLC purchased a new position in shares of Ralph Lauren during the third quarter valued at $263,000. Hedge funds and other institutional investors 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.