Analysts Set Ralph Lauren Co. (NYSE:RL) Price Target at $223.90

Shares of Ralph Lauren Co. (NYSE:RL) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $223.90.

A number of equities analysts have weighed in on the stock. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Raymond James increased their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company raised their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th.

Ralph Lauren Stock Down 0.3 %

RL stock opened at $222.67 on Monday. The stock’s fifty day simple moving average is $201.47 and its two-hundred day simple moving average is $183.20. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The stock has a market cap of $13.83 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.69 and a beta of 1.49. Ralph Lauren has a 1-year low of $125.25 and a 1-year high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Ralph Lauren’s revenue was up 5.7% on a year-over-year basis. Analysts expect that Ralph Lauren will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of Ralph Lauren by 130.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,071 shares of the textile maker’s stock valued at $764,000 after buying an additional 2,306 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Ralph Lauren during the 1st quarter valued at about $63,000. Interval Partners LP purchased a new stake in shares of Ralph Lauren during the 1st quarter valued at about $18,776,000. Redwood Investment Management LLC bought a new position in shares of Ralph Lauren in the 1st quarter worth approximately $1,520,000. Finally, Tidal Investments LLC boosted its holdings in shares of Ralph Lauren by 193.9% in the first quarter. Tidal Investments LLC now owns 23,021 shares of the textile maker’s stock worth $4,322,000 after buying an additional 15,188 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

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.