Ralph Lauren (NYSE:RL) Given New $257.00 Price Target at Barclays

Ralph Lauren (NYSE:RL - Free Report) had its price target increased by Barclays from $200.00 to $257.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the textile maker's stock.

RL has been the subject of several other reports. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. StockNews.com downgraded shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a report on Tuesday. Guggenheim upped their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group lifted their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.90.

Ralph Lauren Stock Up 0.4 %

Shares of RL traded up $0.88 on Friday, hitting $222.58. 816,101 shares of the stock traded hands, compared to its average volume of 866,140. Ralph Lauren has a one year low of $113.92 and a one year high of $237.16. The company has a market capitalization of $13.79 billion, a PE ratio of 21.22, a P/E/G ratio of 1.65 and a beta of 1.49. The business has a 50 day simple moving average of $192.92 and a 200 day simple moving average of $179.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.48%. Ralph Lauren's payout ratio is 31.46%.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trustmark National Bank Trust Department grew its stake in Ralph Lauren by 8.6% in the third quarter. Trustmark National Bank Trust Department now owns 14,397 shares of the textile maker's stock worth $2,791,000 after purchasing an additional 1,142 shares in the last quarter. Cypress Capital Group grew its position in shares of Ralph Lauren by 83.6% during the 3rd quarter. Cypress Capital Group now owns 6,653 shares of the textile maker's stock worth $1,290,000 after buying an additional 3,029 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in Ralph Lauren by 95.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 33,133 shares of the textile maker's stock worth $6,423,000 after acquiring an additional 16,163 shares in the last quarter. King Luther Capital Management Corp increased its position in 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 valued at $29,985,000 after purchasing an additional 7,134 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after purchasing an additional 60,610 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

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.