Ralph Lauren (NYSE:RL) Price Target Raised to $207.00 at Telsey Advisory Group

Ralph Lauren (NYSE:RL) had its price objective hoisted by Telsey Advisory Group from $195.00 to $207.00 in a report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the textile maker’s stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company dropped their price objective on Ralph Lauren from $185.00 to $180.00 and set an equal weight rating on the stock in a report on Friday, May 24th. TD Cowen lowered their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a buy rating on the stock in a report on Thursday, August 8th. 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 research note on Thursday, August 8th. Guggenheim reiterated a buy rating and issued a $200.00 target price on shares of Ralph Lauren in a research note on Friday, May 24th. Finally, Argus restated a hold rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $186.00.

Ralph Lauren Stock Performance

NYSE RL opened at $185.30 on Friday. The firm has a market cap of $11.58 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.49 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 is $170.22 and its 200-day moving average is $173.44. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $192.03.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Ralph Lauren will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.78%. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds have recently added to or reduced their stakes in RL. Family Firm Inc. purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren in the second quarter worth $31,000. Fidelis Capital Partners LLC purchased a new stake in Ralph Lauren during the first quarter valued at about $42,000. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Ralph Lauren in the first quarter worth about $63,000. 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.