Ralph Lauren (NYSE:RL) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a $207.00 target price on the textile maker’s stock.

RL has been the topic of several other reports. TD Cowen upped their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a buy rating in a research report on Thursday. StockNews.com cut shares of Ralph Lauren from a buy rating to a hold rating in a research report on Friday, September 6th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an equal weight rating in a research report on Thursday. Argus reiterated a hold rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Finally, Barclays increased their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $189.00.

Ralph Lauren Stock Down 0.1 %

Shares of NYSE RL opened at $196.53 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $12.17 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.56 and a beta of 1.49. Ralph Lauren has a 52 week low of $108.60 and a 52 week high of $200.17. The business has a 50-day simple moving average of $172.48 and a two-hundred day simple moving average of $173.86.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results 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. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted $2.34 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts anticipate that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Ralph Lauren’s payout ratio is presently 33.95%.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the stock. Bridgefront Capital LLC increased its holdings in Ralph Lauren by 251.5% in the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock worth $1,778,000 after buying an additional 8,822 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Ralph Lauren by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after buying an additional 6,378 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares during the period. Artemis Investment Management LLP grew its stake in shares of Ralph Lauren by 11,052.5% during the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after purchasing an additional 175,956 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after purchasing an additional 17,827 shares during the period. 67.91% of the stock is currently owned by 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.