Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Barclays Analyst Says

Ralph Lauren (NYSE:RL - Free Report) had its price target boosted by Barclays from $257.00 to $310.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker's stock.

Several other analysts have also recently weighed in on RL. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price target on Ralph Lauren from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday, February 4th. Guggenheim increased their price objective on Ralph Lauren from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus target price of $276.55.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $0.13 during trading hours on Thursday, reaching $268.83. The company had a trading volume of 783,314 shares, compared to its average volume of 782,704. The firm has a market cap of $16.69 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18. The business has a fifty day simple moving average of $239.70 and a 200 day simple moving average of $207.17.

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

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.23%. Ralph Lauren's payout ratio is presently 30.11%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after purchasing an additional 127 shares during the period. Huntington National Bank grew its holdings 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 worth $43,000 after acquiring an additional 103 shares during the period. Jones Financial Companies Lllp increased its position in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after acquiring an additional 149 shares during the last quarter. True Wealth Design LLC increased its position in 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 during the last quarter. Finally, AM Squared Ltd bought a new position in Ralph Lauren in the third quarter valued at about $58,000. 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.