Ralph Lauren (NYSE:RL) Price Target Raised to $300.00 at UBS Group

Ralph Lauren (NYSE:RL) had its price objective hoisted by UBS Group from $287.00 to $300.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective 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. The Goldman Sachs Group raised 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, Raymond James increased their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Price Performance

Shares of RL traded up $0.88 during midday trading on Friday, reaching $222.58. The stock had a trading volume of 816,101 shares, compared to its average volume of 866,140. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49. Ralph Lauren has a 12-month low of $113.92 and a 12-month high of $237.16. The company’s 50-day moving average is $192.92 and its 200 day moving average is $179.25. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

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

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in Ralph Lauren by 12,493.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares during the period. Acadian Asset Management LLC raised its holdings in Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares during the period. Swedbank AB acquired a new stake in shares of Ralph Lauren during the first quarter worth $61,022,000. Finally, Vanguard Group Inc. increased its stake in Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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.