Ralph Lauren (NYSE:RL) Price Target Raised to $225.00

Ralph Lauren (NYSE:RL - Free Report) had its target price boosted by Wells Fargo & Company from $215.00 to $225.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker's stock.

Other equities analysts also recently issued reports about the company. Telsey Advisory Group reiterated an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a report on Tuesday, December 31st. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, Raymond James boosted their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $228.09.

Ralph Lauren Trading Down 2.6 %

Shares of Ralph Lauren stock traded down $6.27 during mid-day trading on Friday, hitting $236.78. 693,496 shares of the stock were exchanged, compared to its average volume of 689,965. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. Ralph Lauren has a twelve month low of $134.90 and a twelve month high of $245.92. 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 simple moving average of $223.62 and a 200 day simple moving average of $194.93.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Ralph Lauren's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. Research analysts forecast that Ralph Lauren will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 27th. Ralph Lauren's dividend payout ratio is presently 31.46%.

Institutional Trading of Ralph Lauren

Large investors have recently bought and sold shares of the company. Huntington National Bank boosted its stake in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after purchasing an additional 103 shares during the period. True Wealth Design LLC grew its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd purchased a new stake in shares of Ralph Lauren during the third quarter worth about $58,000. Quent Capital LLC lifted its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker's stock worth $78,000 after acquiring an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. 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.