TD Cowen Raises Ralph Lauren (NYSE:RL) Price Target to $251.00

Ralph Lauren (NYSE:RL) had its target price increased by TD Cowen from $208.00 to $251.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other analysts have also commented on RL. Guggenheim increased their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Barclays lifted their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.27.

Ralph Lauren Stock Up 1.7 %

Shares of NYSE RL opened at $203.36 on Tuesday. The firm’s 50-day moving average is $190.10 and its two-hundred day moving average is $178.32. The company has a market capitalization of $12.60 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. Ralph Lauren has a 12-month low of $111.94 and a 12-month high of $207.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned $2.34 EPS. Ralph Lauren’s revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Ralph Lauren will post 11.26 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid 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 dividend yield of 1.62%. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.82%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently bought and sold shares of RL. Simmons Bank raised 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 purchasing an additional 62 shares during the period. Aigen Investment Management LP increased its position in shares of Ralph Lauren by 281.8% during the third quarter. Aigen Investment Management LP now owns 22,768 shares of the textile maker’s stock worth $4,414,000 after acquiring an additional 16,805 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Ralph Lauren in the third quarter worth about $284,000. GSA Capital Partners LLP purchased a new position in Ralph Lauren in the third quarter valued at about $1,335,000. Finally, Crossmark Global Holdings Inc. grew its stake in Ralph Lauren by 18.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 22,395 shares of the textile maker’s stock valued at $4,341,000 after purchasing an additional 3,562 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

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.