Ralph Lauren (NYSE:RL) PT Raised to $205.00 at Wells Fargo & Company

Ralph Lauren (NYSE:RL) had its price objective raised by Wells Fargo & Company from $195.00 to $205.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

RL has been the topic of several other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. TD Cowen upped their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.09.

Ralph Lauren Trading Down 0.2 %

Shares of RL opened at $197.59 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.63 and a beta of 1.49. The stock has a fifty day moving average price of $185.78 and a two-hundred day moving average price of $176.20. Ralph Lauren has a 52-week low of $109.59 and a 52-week high of $207.06.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. Analysts predict that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.82%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren during the 2nd quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren during the 1st quarter worth approximately $42,000. Versant Capital Management Inc lifted its stake in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren in the first quarter valued at approximately $63,000. 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.