Ralph Lauren’s (RL) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research note issued to investors on Thursday, Marketbeat reports. Telsey Advisory Group currently has a $207.00 price target on the textile maker’s stock.

RL has been the topic of a number of other reports. TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday. Guggenheim boosted their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays upped their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Price Performance

RL stock traded up $0.27 during mid-day trading on Thursday, hitting $221.97. The stock had a trading volume of 515,744 shares, compared to its average volume of 864,756. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 52 week low of $113.92 and a 52 week high of $237.16. The firm has a market capitalization of $13.75 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.65 and a beta of 1.49. The firm has a fifty day simple moving average of $191.89 and a 200 day simple moving average of $178.83.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. As a group, research analysts forecast that Ralph Lauren will post 11.33 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.49%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Ralph Lauren during the third quarter valued at approximately $2,296,000. Savoir Faire Capital Management L.P. raised its stake in shares of Ralph Lauren by 41.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 23,914 shares of the textile maker’s stock worth $4,636,000 after acquiring an additional 6,967 shares in the last quarter. Quest Partners LLC raised its stake in shares of Ralph Lauren by 210.1% during the third quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock worth $1,196,000 after acquiring an additional 4,178 shares in the last quarter. Swiss National Bank raised its stake in shares of Ralph Lauren by 3.5% during the third quarter. Swiss National Bank now owns 79,600 shares of the textile maker’s stock worth $15,432,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in shares of Ralph Lauren during the third quarter worth approximately $263,000. Institutional investors own 67.91% of the company’s stock.

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.