Ralph Lauren (NYSE:RL) Price Target Raised to $200.00 at Barclays

Ralph Lauren (NYSE:RL) had its price objective raised by Barclays from $195.00 to $200.00 in a report published on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group assumed coverage on Ralph Lauren in a report on Tuesday, April 30th. They issued a buy rating and a $195.00 price target for the company. UBS Group boosted their price target on Ralph Lauren from $244.00 to $250.00 and gave the company a buy rating in a report on Thursday, May 16th. TD Cowen decreased their price target on Ralph Lauren from $196.00 to $193.00 and set a buy rating for the company in a report on Thursday. Telsey Advisory Group restated an outperform rating and issued a $195.00 price objective on shares of Ralph Lauren in a research report on Wednesday. Finally, Guggenheim restated a buy rating and issued a $200.00 price objective on shares of Ralph Lauren in a research report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $175.08.

Ralph Lauren Stock Up 0.3 %

NYSE RL traded up $0.54 during trading on Thursday, hitting $162.16. The company’s stock had a trading volume of 657,611 shares, compared to its average volume of 946,640. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.68. The company has a market cap of $10.14 billion, a PE ratio of 16.68, a P/E/G ratio of 1.34 and a beta of 1.51. The business’s 50 day simple moving average is $174.83 and its 200-day simple moving average is $172.29. Ralph Lauren has a fifty-two week low of $108.60 and a fifty-two week high of $192.03.

Ralph Lauren (NYSE:RL) last released its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren will post 11.08 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a dividend of $0.825 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.30 annualized dividend and a yield of 2.04%. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Insider Buying and Selling

In related news, COO Jane Nielsen sold 67,243 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the transaction, the chief operating officer now owns 44,591 shares of the company’s stock, valued at approximately $7,636,208.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently bought and sold shares of RL. Vanguard Group Inc. increased its holdings in shares of Ralph Lauren by 4.3% in the 1st 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 last quarter. Boston Partners increased its holdings in shares of Ralph Lauren by 3.4% in the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after acquiring an additional 41,482 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Ralph Lauren by 71.6% in the 4th 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 last quarter. Acadian Asset Management LLC increased its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ralph Lauren by 0.4% in the 4th 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 last quarter. Hedge funds and other institutional investors 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.