Ralph Lauren (NYSE:RL) Price Target Raised to $280.00

Ralph Lauren (NYSE:RL) had its price target increased by The Goldman Sachs Group from $220.00 to $280.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on RL. Cfra set a $171.00 price objective on Ralph Lauren in a report on Thursday, October 17th. UBS Group increased their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Guggenheim lifted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $276.55.

Ralph Lauren Trading Down 1.4 %

Shares of RL stock opened at $269.27 on Friday. The company has a market capitalization of $16.72 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Ralph Lauren has a 52-week low of $155.96 and a 52-week high of $289.33. The business’s fifty day moving average is $239.00 and its 200 day moving average is $206.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.18 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. On average, equities research analysts anticipate that Ralph Lauren will post 11.73 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

Institutional Investors Weigh In On Ralph Lauren

A number of large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after buying an additional 149 shares in the last quarter. Huntington National Bank boosted its position in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares in the last quarter. AM Squared Ltd purchased a new stake in Ralph Lauren in the third quarter worth $58,000. Finally, Versant Capital Management Inc lifted its position in Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the period. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

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.