Ralph Lauren’s (RL) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a report published on Thursday, Marketbeat.com reports. Telsey Advisory Group currently has a $207.00 price target on the textile maker’s stock.

RL has been the topic of a number of other research reports. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays boosted their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, TD Cowen lifted their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Stock Up 0.4 %

Shares of Ralph Lauren stock opened at $222.58 on Thursday. The company’s fifty day simple moving average is $192.92 and its two-hundred day simple moving average is $179.33. Ralph Lauren has a 12-month low of $113.92 and a 12-month high of $237.16. 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 company has a market cap of $13.79 billion, a P/E ratio of 21.22, a PEG ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. Research analysts anticipate that Ralph Lauren will post 11.33 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren in the 2nd quarter valued at $31,000. Versant Capital Management Inc lifted its stake in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of Ralph Lauren during the third quarter valued at about $58,000. 67.91% of the stock is owned by hedge funds and other 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.