Ralph Lauren (NYSE:RL) Upgraded at StockNews.com

StockNews.com upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a report released on Monday.

A number of other brokerages also recently weighed in on RL. Wells Fargo & Company increased their price target on Ralph Lauren from $175.00 to $195.00 and gave the stock an equal weight rating in a report on Thursday, September 26th. Barclays lifted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Argus restated a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. TD Cowen lifted their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a buy rating in a research note on Thursday, September 26th. Finally, Telsey Advisory Group reissued an outperform rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $189.00.

Ralph Lauren Price Performance

Shares of RL opened at $193.12 on Monday. The business has a 50-day simple moving average of $173.50 and a two-hundred day simple moving average of $173.95. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $200.17. The stock has a market cap of $11.96 billion, a PE ratio of 19.81, a PEG ratio of 1.61 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 earnings per share. Analysts anticipate that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s payout ratio is currently 33.95%.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the business. Family Firm Inc. purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at $30,000. Gladius Capital Management LP bought a new stake in shares of Ralph Lauren during the 2nd quarter worth $31,000. Fidelis Capital Partners LLC bought a new position in Ralph Lauren in the first quarter valued at $42,000. Versant Capital Management Inc raised its position in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren during the first quarter worth about $63,000. 67.91% of the stock is 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.