UBS Group Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price target raised by UBS Group from $421.00 to $435.00 in a research note published on Friday,Benzinga reports. UBS Group currently has a buy rating on the textile maker’s stock.

Several other brokerages have also commented on RL. Needham & Company LLC boosted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Barclays boosted their price target on shares of Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a research note on Friday. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group lifted their price target on Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Stock Performance

Shares of NYSE RL traded up $9.94 during mid-day trading on Friday, hitting $324.98. The company had a trading volume of 665,349 shares, compared to its average volume of 799,810. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $341.90. The stock’s 50-day moving average price is $318.27 and its 200-day moving average price is $289.90. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 EPS. On average, sell-side analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is presently 26.98%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in shares of Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 86 shares in the last quarter. Rothschild Investment LLC increased its position in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren in the 2nd quarter worth $28,000. MUFG Securities EMEA plc bought a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Ralph Lauren by 57.1% during the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after buying an additional 52 shares during the period. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.