Wells Fargo & Company Increases Ralph Lauren (NYSE:RL) Price Target to $275.00

Ralph Lauren (NYSE:RL) had its target price boosted by Wells Fargo & Company from $225.00 to $275.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

A number of other equities research analysts have also issued reports on RL. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Guggenheim increased their price target on shares of Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.55.

Ralph Lauren Stock Down 1.4 %

RL stock opened at $269.27 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $239.00 and a two-hundred day moving average of $206.42. Ralph Lauren has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, analysts forecast that Ralph Lauren will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Institutional Trading of Ralph Lauren

Institutional investors have recently modified their holdings of the business. Mather Group LLC. lifted its holdings in Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 47 shares during the period. M&T Bank Corp increased its holdings in shares of Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares in the last quarter. Simmons Bank lifted its stake in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares during the period. Asset Management One Co. Ltd. boosted its holdings 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 worth $231,000 after buying an additional 62 shares in the last quarter. Finally, Commerce Bank grew its position in Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after buying an additional 66 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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.