Ralph Lauren (NYSE:RL) Price Target Raised to $235.00 at Raymond James

Ralph Lauren (NYSE:RL - Free Report) had its target price boosted by Raymond James from $215.00 to $235.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the textile maker's stock.

Several other equities analysts also recently weighed in on RL. TD Cowen raised their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research note on Tuesday. Guggenheim boosted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. StockNews.com lowered Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $223.90.

Ralph Lauren Price Performance

NYSE:RL traded up $0.88 during trading hours on Friday, hitting $222.58. 816,054 shares of the stock were exchanged, compared to its average volume of 866,140. The firm's fifty day moving average price is $192.92 and its 200 day moving average price is $179.25. Ralph Lauren has a 52-week low of $113.92 and a 52-week high of $237.16. The company has a market cap of $13.79 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.65 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.68 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.10 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren will post 11.33 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 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 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's payout ratio is 31.46%.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors have recently made changes to their positions in the stock. King Luther Capital Management Corp boosted its position in shares of Ralph Lauren by 4.8% during the 3rd quarter. King Luther Capital Management Corp now owns 154,665 shares of the textile maker's stock worth $29,985,000 after purchasing an additional 7,134 shares during the period. Jennison Associates LLC lifted its stake in Ralph Lauren by 13.2% during the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock worth $100,889,000 after purchasing an additional 60,610 shares in the last quarter. Commerce Bank boosted its position in shares of Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker's stock worth $1,103,000 after buying an additional 66 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Ralph Lauren in the third quarter valued at $2,296,000. Finally, Savoir Faire Capital Management L.P. raised its holdings in shares of Ralph Lauren by 41.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 23,914 shares of the textile maker's stock valued at $4,636,000 after buying an additional 6,967 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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.