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

Telsey Advisory Group reaffirmed their outperform rating on shares of Ralph Lauren (NYSE:RL) in a report issued on Thursday, Benzinga reports. The firm currently has a $195.00 target price on the textile maker’s stock.

A number of other brokerages also recently commented on RL. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $132.00 to $151.00 and gave the stock a neutral rating in a report on Friday, February 9th. Jefferies Financial Group started coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They issued a buy rating and a $195.00 target price for the company. Raymond James boosted their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an outperform rating in a report on Tuesday, January 30th. UBS Group boosted their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a buy rating in a report on Thursday, May 16th. Finally, TD Cowen boosted their target price on shares of Ralph Lauren from $192.00 to $197.00 and gave the company a buy rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $170.50.

Ralph Lauren Trading Up 2.3 %

Shares of Ralph Lauren stock opened at $173.45 on Thursday. Ralph Lauren has a 1 year low of $103.17 and a 1 year high of $192.03. The company has a market capitalization of $11.09 billion, a P/E ratio of 17.84, a PEG ratio of 1.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.29. The company’s fifty day moving average is $170.70 and its two-hundred day moving average is $157.10.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share. Analysts forecast that Ralph Lauren will post 11.1 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.90%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s dividend payout ratio is currently 30.86%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Vanguard Group Inc. boosted its position in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after acquiring an additional 203,495 shares during the period. Boston Partners boosted its position in shares of Ralph Lauren by 67.2% in the fourth quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after acquiring an additional 487,882 shares during the period. Jennison Associates LLC boosted its position in shares of Ralph Lauren by 71.6% in the fourth quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after acquiring an additional 331,413 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ralph Lauren by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock valued at $68,399,000 after acquiring an additional 2,098 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Ralph Lauren by 5.2% in the third quarter. Northern Trust Corp now owns 472,046 shares of the textile maker’s stock valued at $54,800,000 after acquiring an additional 23,441 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.