Ralph Lauren (NYSE:RL) Price Target Raised to $342.00 at JPMorgan Chase & Co.

Ralph Lauren (NYSE:RL) had its price objective lifted by JPMorgan Chase & Co. from $285.00 to $342.00 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the textile maker’s stock.

Other research analysts have also issued research reports about the stock. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $284.15.

Ralph Lauren Price Performance

Shares of RL opened at $277.92 on Friday. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The stock has a market cap of $17.16 billion, a PE ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49. The firm has a 50-day simple moving average of $248.94 and a two-hundred day simple moving average of $213.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data 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 net margin of 10.14% and a return on equity of 30.88%. As a group, analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.19%. Ralph Lauren’s payout ratio is currently 30.11%.

Institutional Trading of Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Ralph Lauren by 38.8% in the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker’s stock valued at $103,000 after acquiring an additional 149 shares during the period. Raymond James & Associates increased its holdings in shares of Ralph Lauren by 4.7% in the 3rd quarter. Raymond James & Associates now owns 64,743 shares of the textile maker’s stock valued at $12,552,000 after acquiring an additional 2,912 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $255,000. Signaturefd LLC increased its holdings in shares of Ralph Lauren by 66.8% in the 3rd quarter. Signaturefd LLC now owns 612 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 245 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Ralph Lauren by 177,157.1% in the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock valued at $2,406,000 after acquiring an additional 12,401 shares during the period. Institutional investors and hedge funds 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.