Ralph Lauren (NYSE:RL) Price Target Raised to $275.00

Ralph Lauren (NYSE:RL - Free Report) had its price objective increased by Wells Fargo & Company from $225.00 to $275.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the textile maker's stock.

Several other analysts have also issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. UBS Group upped their target price on shares of Ralph Lauren from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Monday, January 27th. 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, Argus upgraded 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. Three 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 stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of "Moderate Buy" and an average target price of $276.55.

Ralph Lauren Stock Up 0.9 %

Shares of RL traded up $2.38 during mid-day trading on Friday, hitting $270.93. 314,643 shares of the company traded hands, compared to its average volume of 764,862. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The business has a 50 day moving average of $239.70 and a 200 day moving average of $207.17. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $16.82 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts anticipate that Ralph Lauren will post 11.73 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in shares of Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock valued at $221,007,000 after acquiring an additional 137,631 shares during the last quarter. Boston Partners grew its holdings in shares of Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock valued at $227,085,000 after acquiring an additional 65,303 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Ralph Lauren by 13.2% during the 3rd 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. 67.91% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren

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.