Ralph Lauren (NYSE:RL) Given New $193.00 Price Target at The Goldman Sachs Group

Ralph Lauren (NYSE:RL) had its price objective boosted by The Goldman Sachs Group from $171.00 to $193.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

RL has been the topic of several other research reports. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. 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 research report on Thursday, August 8th. Finally, TD Cowen lifted their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $192.09.

Ralph Lauren Trading Up 0.7 %

NYSE:RL opened at $197.94 on Monday. The company has a market capitalization of $12.26 billion, a PE ratio of 19.09, a P/E/G ratio of 1.63 and a beta of 1.49. Ralph Lauren has a 52-week low of $109.59 and a 52-week high of $207.06. The stock’s 50 day moving average price is $185.09 and its 200 day moving average price is $176.01. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm posted $2.34 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. 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 1.67%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.82%.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in Ralph Lauren by 2.8% in the 1st 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 last quarter. GAMMA Investing LLC increased its stake in shares of Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC raised its position in shares of Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares during the last quarter. Mather Group LLC. lifted its stake in Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Ralph Lauren by 8.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. Hedge funds and other 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.