By otakuyassine3@gmail.com 
Ralph Lauren Co. (NYSE:RL – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $246.78 and last traded at $246.18, with a volume of 110702 shares. The stock had previously closed at $240.46.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.09.
Get Our Latest Research Report on Ralph Lauren
Ralph Lauren Trading Up 2.6 %
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 firm has a market capitalization of $15.31 billion, a PE ratio of 23.52, a PEG ratio of 1.78 and a beta of 1.49. The firm’s fifty day moving average is $227.58 and its two-hundred day moving average is $198.32.
Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm earned $2.10 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that Ralph Lauren Co. will post 11.75 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. Stockholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.
Hedge Funds Weigh In On Ralph Lauren
Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the period. Lord Abbett & CO. LLC bought a new position in Ralph Lauren in the 3rd quarter worth about $94,831,000. Pacer Advisors Inc. raised its holdings in shares of Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after acquiring an additional 137,631 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock worth $21,047,000 after purchasing an additional 116,910 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Ralph Lauren in the third quarter worth approximately $19,320,000. 67.91% of the stock is currently owned by hedge funds and other 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.
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