Ralph Lauren (NYSE:RL – Free Report) had its target price upped by Jefferies Financial Group from $280.00 to $285.00 in a report released on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the textile maker’s stock.
Other research analysts have also issued reports about the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, November 7th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday. Wells Fargo & Company lifted their target price on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.91.
Get Our Latest Stock Analysis on RL
Ralph Lauren Stock Performance
Ralph Lauren (NYSE:RL – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $2.10 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren will post 11.75 EPS for the current year.
Ralph Lauren Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.
Hedge Funds Weigh In On Ralph Lauren
Several hedge funds have recently made changes to their positions in the business. Huntington National Bank raised its stake in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the period. AM Squared Ltd bought a new position in shares of Ralph Lauren in the 3rd quarter worth approximately $58,000. Versant Capital Management Inc lifted its stake in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Ralph Lauren by 181.7% during the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.
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.
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