Ralph Lauren (NYSE:RL) Price Target Raised to $195.00

Ralph Lauren (NYSE:RL) had its price target upped by Wells Fargo & Company from $175.00 to $195.00 in a research note issued to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker’s stock.

Several other analysts have also recently commented on RL. Barclays upped their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an overweight rating in a research report on Thursday, August 8th. StockNews.com cut Ralph Lauren from a buy rating to a hold rating in a report on Friday, September 6th. Telsey Advisory Group boosted their target price on Ralph Lauren from $195.00 to $207.00 and gave the stock an outperform rating in a research report on Friday, September 20th. TD Cowen cut their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Finally, Argus restated a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $189.00.

Ralph Lauren Trading Down 0.5 %

Shares of RL opened at $196.53 on Thursday. The stock’s fifty day simple moving average is $172.48 and its 200-day simple moving average is $173.80. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $12.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $200.17.

Ralph Lauren (NYSE:RL) last issued its 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 EPS. As a group, research analysts predict that Ralph Lauren will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is 33.95%.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Pacer Advisors Inc. lifted its holdings in shares of Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after purchasing an additional 994,385 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares in the last quarter. Acadian Asset Management LLC boosted its position in Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after acquiring an additional 446,097 shares during the last quarter. Swedbank AB bought a new position in shares of Ralph Lauren during the 1st quarter worth approximately $61,022,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Ralph Lauren by 10,207.7% in the first quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

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.