Ralph Lauren (NYSE:RL) Shares Gap Up - What's Next?

Ralph Lauren Co. (NYSE:RL - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $208.04, but opened at $229.94. Ralph Lauren shares last traded at $220.84, with a volume of 376,403 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RL shares. Guggenheim boosted their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. The Goldman Sachs Group boosted their target price 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. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and an average target price of $198.27.

Ralph Lauren Trading Up 6.6 %

The firm's fifty day moving average is $191.89 and its 200-day moving average is $178.83. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Ralph Lauren Co. will post 11.26 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, September 27th. Ralph Lauren's payout ratio is presently 31.82%.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in RL. Family Firm Inc. bought a new stake in Ralph Lauren in the 2nd quarter worth about $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren in the 2nd quarter worth about $31,000. Versant Capital Management Inc grew its position in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock worth $39,000 after purchasing an additional 213 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Ralph Lauren in the 1st quarter worth about $42,000. Finally, Huntington National Bank grew its position in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after purchasing an additional 103 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

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.