Ralph Lauren (NYSE:RL) Price Target Raised to $225.00 at Guggenheim

Ralph Lauren (NYSE:RL) had its price target upped by Guggenheim from $200.00 to $225.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other research firms also recently issued reports on RL. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. TD Cowen increased their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, September 26th. Finally, Wells Fargo & Company upped their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.36.

Ralph Lauren Trading Down 1.0 %

NYSE RL opened at $201.54 on Monday. Ralph Lauren has a 12 month low of $109.94 and a 12 month high of $207.06. The company has a 50-day moving average of $187.24 and a 200-day moving average of $176.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The company has a market cap of $12.48 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.62 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $2.34 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Ralph Lauren will post 11.25 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.64%. Ralph Lauren’s dividend payout ratio is presently 31.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Ralph Lauren by 11.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after purchasing an additional 6,378 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Ralph Lauren by 708.2% in the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after acquiring an additional 7,904 shares during the last quarter. Sei Investments Co. raised its position in shares of Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after acquiring an additional 17,827 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in Ralph Lauren by 891.9% during the first quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock worth $940,000 after purchasing an additional 4,504 shares during the last quarter. Finally, CWM LLC boosted its holdings in Ralph Lauren by 267.3% in the second quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after purchasing an additional 4,224 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

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.