Ralph Lauren (NYSE:RL) Now Covered by Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Ralph Lauren (NYSE:RL - Free Report) in a research note published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $310.00 price objective on the textile maker's stock.

Several other equities research analysts also recently issued reports on RL. Guggenheim increased their price target on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group increased their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. The Goldman Sachs Group increased their price target on Ralph Lauren from $220.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. TD Cowen lifted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $279.33.

Ralph Lauren Trading Up 1.6 %

NYSE RL traded up $4.40 on Wednesday, reaching $282.93. The company had a trading volume of 731,038 shares, compared to its average volume of 759,137. The stock's 50 day moving average is $243.26 and its 200-day moving average is $209.61. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.03 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts' consensus estimates 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 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid 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 1.17%. Ralph Lauren's dividend payout ratio is currently 30.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares during the period. Huntington National Bank boosted its stake in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after acquiring an additional 103 shares during the period. Pinpoint Asset Management Ltd boosted its stake in shares of Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after acquiring an additional 225 shares during the period. Finally, True Wealth Design LLC boosted its stake in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after purchasing an additional 268 shares during the period. 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.