Ralph Lauren (NYSE:RL) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Ralph Lauren (NYSE:RL) in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm issued an overweight rating and a $426.00 price objective on the textile maker’s stock.

A number of other research analysts have also recently commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $425.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Deutsche Bank set a $446.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. BTIG Research raised their price target on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a report on Friday, August 7th. Needham & Company LLC lifted their price target on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Telsey Advisory Group boosted their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $448.20.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $391.56 on Tuesday. The company has a market cap of $23.33 billion, a P/E ratio of 22.48, a PEG ratio of 1.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 1.97. Ralph Lauren has a one year low of $317.23 and a one year high of $421.60. The business’s 50-day simple moving average is $368.13 and its 200 day simple moving average is $368.37.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, topping the consensus estimate of $4.26 by $0.38. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. Ralph Lauren had a return on equity of 40.22% and a net margin of 12.56%. Ralph Lauren’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.79 EPS. On average, sell-side analysts forecast that Ralph Lauren will post 18.72 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.0%. Ralph Lauren’s payout ratio is currently 22.96%.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in shares of Ralph Lauren in the second quarter worth $41,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Ralph Lauren by 154.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 79 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in Ralph Lauren during the 3rd quarter valued at $58,000. Parkside Financial Bank & Trust grew its holdings in Ralph Lauren by 27.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. grew its holdings in Ralph Lauren by 5,000.0% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 255 shares of the textile maker’s stock worth $91,000 after acquiring an additional 250 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation is a global designer, marketer and distributor of premium lifestyle products. Founded by Ralph Lauren in 1967 with a collection of men’s ties, the company has grown into a fashion and lifestyle business built around its namesake brand and Polo Ralph Lauren. Its products include apparel, footwear, accessories, fragrances and home furnishings. The company sells through department stores and other wholesale partners, as well as its own retail stores and e-commerce channels, and also licenses its brands for selected products and services.