Ralph Lauren (NYSE:RL) Price Target Raised to $310.00 at Guggenheim

Ralph Lauren (NYSE:RL) had its target price increased by Guggenheim from $285.00 to $310.00 in a report published on Friday,Benzinga reports. Guggenheim currently has a buy rating on the textile maker’s stock.

Several other equities analysts have also commented on RL. UBS Group increased their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday. TD Cowen lifted their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays raised their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $276.55.

Ralph Lauren Trading Down 1.4 %

Shares of RL stock opened at $269.27 on Friday. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The firm has a market capitalization of $16.72 billion, a P/E ratio of 24.57, a PEG ratio of 2.03 and a beta of 1.49. The stock’s fifty day moving average is $239.00 and its two-hundred day moving average is $205.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.18 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts expect that Ralph Lauren will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. Ralph Lauren’s payout ratio is presently 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Ralph Lauren by 13.0% during the fourth quarter. HighTower Advisors LLC now owns 2,817 shares of the textile maker’s stock worth $651,000 after purchasing an additional 325 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in Ralph Lauren in the fourth quarter valued at approximately $3,014,000. Daiwa Securities Group Inc. lifted its position in shares of Ralph Lauren by 16.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,159 shares of the textile maker’s stock worth $499,000 after purchasing an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ralph Lauren by 17.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,286 shares of the textile maker’s stock worth $2,376,000 after buying an additional 1,495 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Ralph Lauren during the fourth quarter valued at approximately $6,872,000. 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.