UBS Group Increases Ralph Lauren (NYSE:RL) Price Target to $300.00

Ralph Lauren (NYSE:RL - Free Report) had its price target raised by UBS Group from $287.00 to $300.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the textile maker's stock.

Several other equities analysts have also recently weighed in on the stock. TD Cowen raised their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. StockNews.com cut Ralph Lauren from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.90.

Ralph Lauren Stock Up 0.4 %

NYSE RL traded up $0.88 during trading on Friday, hitting $222.58. The stock had a trading volume of 816,054 shares, compared to its average volume of 866,140. 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 has a 12 month low of $113.92 and a 12 month 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 company's 50-day moving average price is $192.92 and its two-hundred day moving average price is $179.25.

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

Ralph Lauren Announces Dividend

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

Institutional Trading of Ralph Lauren

A number of institutional investors have recently modified their holdings of the stock. King Luther Capital Management Corp lifted 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 buying an additional 7,134 shares during the last quarter. Jennison Associates LLC increased its holdings in Ralph Lauren by 13.2% in the third 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 during the period. Commerce Bank raised 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 acquiring an additional 66 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Ralph Lauren during the 3rd quarter worth approximately $2,296,000. Finally, Savoir Faire Capital Management L.P. lifted its holdings in Ralph Lauren by 41.1% in the third 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.

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.