Ralph Lauren (NYSE:RL) Price Target Raised to $310.00

Ralph Lauren (NYSE:RL) had its price target boosted by Guggenheim from $285.00 to $310.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

RL has been the subject of several other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Finally, BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.55.

Ralph Lauren Stock Down 1.4 %

Shares of NYSE RL opened at $269.27 on Friday. Ralph Lauren has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $239.00 and its 200-day simple moving average is $206.42. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Ralph Lauren will post 11.73 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning increased its holdings in Ralph Lauren by 15.4% in the 2nd quarter. Creative Planning now owns 1,952 shares of the textile maker’s stock valued at $342,000 after purchasing an additional 261 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Ralph Lauren during the second quarter worth $715,000. Park Avenue Securities LLC acquired a new stake in shares of Ralph Lauren in the third quarter valued at $489,000. Czech National Bank raised its holdings in shares of Ralph Lauren by 9.7% in the 3rd quarter. Czech National Bank now owns 8,160 shares of the textile maker’s stock valued at $1,582,000 after buying an additional 720 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after acquiring an additional 68 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

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.