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

Telsey Advisory Group restated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $315.00 price target on the textile maker’s stock.

RL has been the topic of a number of other research reports. UBS Group set a $384.00 price objective on Ralph Lauren and gave the company a “buy” rating in a report on Friday, May 23rd. BMO Capital Markets increased their price objective on Ralph Lauren from $197.00 to $205.00 and gave the company an “underperform” rating in a report on Friday, May 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 target price on shares of Ralph Lauren in a report on Friday, May 23rd. The Goldman Sachs Group raised their target price on Ralph Lauren from $262.00 to $324.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $292.88.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $263.78 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.78. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.92 and a beta of 1.51. The business’s 50-day simple moving average is $252.24 and its 200-day simple moving average is $243.35. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.27. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 EPS. As a group, equities research analysts expect that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.83. Ralph Lauren’s payout ratio is 31.44%.

Ralph Lauren announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 22nd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC lifted its position in shares of Ralph Lauren by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock worth $231,000 after buying an additional 42 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of Ralph Lauren by 3.4% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock worth $300,000 after buying an additional 45 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after buying an additional 59 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Ralph Lauren by 6.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after buying an additional 62 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Ralph Lauren by 17.6% during the 1st quarter. Blue Trust Inc. now owns 415 shares of the textile maker’s stock worth $92,000 after buying an additional 62 shares during the period. Institutional investors own 67.91% of the company’s stock.

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