Ralph Lauren (NYSE:RL) Given New $335.00 Price Target at UBS Group

Ralph Lauren (NYSE:RL) had its target price boosted by UBS Group from $315.00 to $335.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the textile maker’s stock.

Several other research firms have also weighed in on RL. TD Cowen raised their target price on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.27.

Ralph Lauren Stock Down 3.3 %

RL opened at $247.61 on Monday. The company has a market capitalization of $15.38 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. The business has a 50-day moving average of $231.80 and a 200-day moving average of $200.93. Ralph Lauren has a fifty-two week low of $142.26 and a fifty-two week high of $257.41. 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 (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Ralph Lauren will post 11.75 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its holdings in Ralph Lauren by 11.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 6,649 shares of the textile maker’s stock valued at $1,164,000 after buying an additional 683 shares during the period. Bank of Montreal Can increased its stake in Ralph Lauren by 87.9% in the second quarter. Bank of Montreal Can now owns 59,784 shares of the textile maker’s stock valued at $10,978,000 after acquiring an additional 27,972 shares during the period. The Manufacturers Life Insurance Company raised its position in Ralph Lauren by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 31,955 shares of the textile maker’s stock worth $5,594,000 after purchasing an additional 595 shares in the last quarter. Creative Planning lifted its stake in Ralph Lauren by 15.4% during the second quarter. Creative Planning now owns 1,952 shares of the textile maker’s stock worth $342,000 after purchasing an additional 261 shares during the period. Finally, Quarry LP boosted its holdings in Ralph Lauren by 423.4% during the second quarter. Quarry LP now owns 717 shares of the textile maker’s stock valued at $126,000 after purchasing an additional 580 shares in the last quarter. 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.