Ralph Lauren’s (RL) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $265.00 target price on the textile maker’s stock.

A number of other equities analysts have also recently weighed in on RL. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. UBS Group raised their price objective on shares of Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.64.

Ralph Lauren Stock Up 9.4 %

Shares of NYSE RL opened at $272.52 on Tuesday. Ralph Lauren has a 12-month low of $146.00 and a 12-month high of $289.33. The stock has a market cap 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 company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $238.24 and a 200 day moving average of $205.15.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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, sell-side analysts predict that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inceptionr LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at approximately $1,374,000. Raymond James Financial Inc. purchased a new stake in Ralph Lauren during the fourth quarter worth approximately $16,848,000. Vision Financial Markets LLC purchased a new stake in Ralph Lauren during the fourth quarter worth approximately $716,000. Aigen Investment Management LP boosted its stake in shares of Ralph Lauren by 3.7% in the fourth quarter. Aigen Investment Management LP now owns 23,613 shares of the textile maker’s stock valued at $5,454,000 after purchasing an additional 845 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Ralph Lauren in the fourth quarter valued at $10,777,000. Institutional investors and hedge funds 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.