Ralph Lauren (NYSE:RL) Upgraded at Argus

Argus upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has $250.00 price objective on the textile maker’s stock.

RL has been the subject of a number of other research reports. TD Cowen lifted their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barclays upped their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $226.27.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $230.98 on Tuesday. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Ralph Lauren has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The business’s fifty day moving average price is $218.22 and its two-hundred day moving average price is $192.36.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts predict that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RL. Charles Schwab Investment Management Inc. grew its position in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after purchasing an additional 13,640 shares during the period. Bridgewater Associates LP boosted its holdings in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after buying an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ralph Lauren in the third quarter worth about $1,819,000. Quest Partners LLC grew its holdings in Ralph Lauren by 210.1% during the 3rd quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock valued at $1,196,000 after buying an additional 4,178 shares in the last quarter. Finally, Cypress Capital Group grew its stake in Ralph Lauren by 83.6% during the third quarter. Cypress Capital Group now owns 6,653 shares of the textile maker’s stock valued at $1,290,000 after acquiring an additional 3,029 shares in the last quarter. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.