Ralph Lauren (NYSE:RL) Given New $285.00 Price Target at Jefferies Financial Group

Ralph Lauren (NYSE:RL) had its price objective increased by Jefferies Financial Group from $280.00 to $285.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the textile maker’s stock.

Several other equities research analysts also recently weighed in on the stock. Barclays raised their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group upped their target price on shares of Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Cowen lifted their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.45.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $257.63 on Tuesday. Ralph Lauren has a twelve month low of $142.26 and a twelve month high of $257.90. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $16.00 billion, a P/E ratio of 24.56, a PEG ratio of 1.85 and a beta of 1.49. The stock’s 50 day moving average is $232.84 and its 200 day moving average is $201.46.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $2.10 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.28%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Institutional Trading of Ralph Lauren

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its position 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 buying an additional 103 shares in the last quarter. True Wealth Design LLC lifted its holdings in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares in the last quarter. AM Squared Ltd bought a new position in shares of Ralph Lauren in the third quarter worth approximately $58,000. Quent Capital LLC increased its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after purchasing an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.