UBS Group Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its price objective hoisted by UBS Group from $315.00 to $335.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

RL has been the topic of a number of other reports. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Guggenheim increased their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Wells Fargo & Company raised their price target 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, TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.27.

Ralph Lauren Trading Down 3.3 %

Shares of RL stock opened at $247.61 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $15.38 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.85 and a beta of 1.49. Ralph Lauren has a 12-month low of $142.26 and a 12-month high of $257.41. The firm has a 50-day moving average price of $231.80 and a 200 day moving average price of $200.93.

Ralph Lauren (NYSE:RL) last released 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 return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company earned $2.10 EPS. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Ralph Lauren will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.33%. Ralph Lauren’s payout ratio is 31.46%.

Institutional Trading of Ralph Lauren

Institutional investors have recently modified their holdings of the company. Huntington National Bank raised its holdings in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC raised its holdings in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd bought a new stake in Ralph Lauren in the third quarter valued at approximately $58,000. Quent Capital LLC raised its stake in Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after buying an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the period. 67.91% of the stock is currently owned by 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.