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

Ralph Lauren (NYSE:RL) had its price target raised by Guggenheim from $200.00 to $225.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group boosted their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays increased their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen boosted their price objective on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $194.36.

Ralph Lauren Stock Down 1.9 %

Ralph Lauren stock opened at $197.93 on Monday. Ralph Lauren has a twelve month low of $109.94 and a twelve month high of $207.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market cap of $12.26 billion, a PE ratio of 19.09, a P/E/G ratio of 1.62 and a beta of 1.49. The firm’s 50 day moving average price is $187.86 and its two-hundred day moving average price is $177.06.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 earnings per share. On average, research analysts predict that Ralph Lauren will post 11.25 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.82%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Firm Inc. acquired a new stake in Ralph Lauren during the 2nd quarter worth $30,000. Gladius Capital Management LP bought a new stake in shares of Ralph Lauren in the second quarter worth about $31,000. Versant Capital Management Inc raised its position 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 worth $39,000 after purchasing an additional 213 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Ralph Lauren during the 1st quarter valued at about $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at approximately $63,000. 67.91% of the stock is currently owned by institutional investors.

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.