By otakuyassine3@gmail.com 
Telsey Advisory Group reiterated their outperform rating on shares of Ralph Lauren (NYSE:RL – Free Report) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $265.00 target price on the textile maker’s stock.
Other analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Ralph Lauren from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. TD Cowen increased their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $260.64.
Check Out Our Latest Stock Report on RL
Ralph Lauren Trading Up 9.4 %
RL opened at $272.52 on Tuesday. The stock has a market capitalization of $16.92 billion, a PE ratio of 25.98, a P/E/G ratio of 1.86 and a beta of 1.49. The firm’s fifty day moving average price is $238.24 and its 200 day moving average price is $205.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren has a 12-month low of $146.00 and a 12-month high of $289.33.
Ralph Lauren (NYSE:RL – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. As a group, research analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.
Ralph Lauren Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.21%. Ralph Lauren’s dividend payout ratio is currently 31.46%.
Hedge Funds Weigh In On Ralph Lauren
Several institutional investors have recently modified their holdings of RL. Mather Group LLC. raised its position in Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 47 shares in the last quarter. M&T Bank Corp grew its holdings in Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the last quarter. Simmons Bank grew its holdings in Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after acquiring an additional 62 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares during 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.
Further Reading
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