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

Shares of Ralph Lauren Co. (NYSE:RL) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $223.90.

A number of brokerages have recently weighed in on RL. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. UBS Group lifted their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays boosted their target price on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Guggenheim raised their price target on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, TD Cowen boosted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RL. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ralph Lauren by 161.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,900 shares of the textile maker’s stock valued at $508,000 after purchasing an additional 1,789 shares during the period. Blue Trust Inc. lifted its position in shares of Ralph Lauren by 35.7% in the second quarter. Blue Trust Inc. now owns 384 shares of the textile maker’s stock valued at $72,000 after buying an additional 101 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Ralph Lauren by 38.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,221 shares of the textile maker’s stock worth $564,000 after acquiring an additional 887 shares during the period. Fifth Third Bancorp increased its holdings in shares of Ralph Lauren by 6.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock worth $307,000 after acquiring an additional 99 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in Ralph Lauren in the 2nd quarter valued at $30,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Up 3.5 %

NYSE RL opened at $230.28 on Friday. Ralph Lauren has a 12 month low of $134.90 and a 12 month high of $237.16. The stock has a 50-day simple moving average of $214.27 and a 200 day simple moving average of $190.01. 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 company has a market capitalization of $14.30 billion, a PE ratio of 21.95, a P/E/G ratio of 1.69 and a beta of 1.50.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. Ralph Lauren’s dividend payout ratio is 31.46%.

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.