Ralph Lauren (NYSE:RL - Free Report) had its target price hoisted by TD Cowen from $208.00 to $251.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the textile maker's stock.
A number of other research analysts have also weighed in on the company. Guggenheim raised their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Barclays increased their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. StockNews.com downgraded Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $198.27.
View Our Latest Stock Analysis on RL
Ralph Lauren Trading Up 1.7 %
Shares of NYSE:RL traded up $3.47 during midday trading on Tuesday, reaching $203.36. The company's stock had a trading volume of 763,389 shares, compared to its average volume of 860,367. Ralph Lauren has a fifty-two week low of $111.94 and a fifty-two week high of $207.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.61 and a beta of 1.49. The firm has a 50 day moving average price of $189.48 and a two-hundred day moving average price of $178.01.
Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.25. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 earnings per share. As a group, analysts forecast that Ralph Lauren will post 11.26 earnings per share for the current year.
Ralph Lauren Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.62%. Ralph Lauren's dividend payout ratio is currently 31.82%.
Institutional Trading of Ralph Lauren
Hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. bought a new stake in Ralph Lauren during the second quarter worth $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren during the first quarter worth approximately $42,000. Versant Capital Management Inc lifted its stake in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock valued at $39,000 after buying an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 67.91% of the company's stock.
About Ralph Lauren
(
Get Free Report)
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.
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