Barclays Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its target price raised by Barclays from $200.00 to $257.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other equities research analysts have also weighed in on the stock. Guggenheim increased their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. UBS Group raised their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $213.87 on Friday. The firm has a market cap of $13.25 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The firm’s 50-day simple moving average is $193.77 and its 200-day simple moving average is $179.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.72. Ralph Lauren has a 1 year low of $113.92 and a 1 year high of $237.16.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 EPS. Equities analysts forecast that Ralph Lauren will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.54%. Ralph Lauren’s payout ratio is currently 31.46%.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently made changes to their positions in RL. Simmons Bank increased its stake in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after acquiring an additional 62 shares during the period. QRG Capital Management Inc. increased its stake in shares of Ralph Lauren by 2.8% during the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after acquiring an additional 65 shares during the period. Commerce Bank increased its stake in shares of Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC increased its stake in shares of Ralph Lauren by 11.3% during the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 68 shares during the period. Finally, Oak Thistle LLC increased its stake in shares of Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds 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.