Ralph Lauren (NYSE:RL) Price Target Raised to $235.00 at Raymond James

Ralph Lauren (NYSE:RL) had its target price increased by Raymond James from $215.00 to $235.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other research analysts have also recently commented on the stock. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday. Guggenheim boosted their price target 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. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Shares of RL stock traded up $0.88 during mid-day trading on Friday, reaching $222.58. The stock had a trading volume of 816,101 shares, compared to its average volume of 866,140. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $192.92 and its 200-day moving average is $179.25. Ralph Lauren has a 1-year low of $113.92 and a 1-year high of $237.16. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued 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 analyst estimates of $1.68 billion. During the same period last year, the company earned $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Ralph Lauren will post 11.33 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid 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 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the stock. Trustmark National Bank Trust Department increased its holdings 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 buying an additional 1,142 shares during the last quarter. Cypress Capital Group increased its stake 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 purchasing an additional 3,029 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of 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 valued at $6,423,000 after purchasing an additional 16,163 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Ralph Lauren by 4.8% in 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 last quarter. Finally, Jennison Associates LLC boosted 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 worth $100,889,000 after purchasing an additional 60,610 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

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.