Ralph Lauren (NYSE:RL – Get Note) had its price target raised by Barclays from $99.00 to $106.00 in a research note released Thursday, MarketBeat Ratings reports. Barclays currently has an equal weight rating on the textile maker’s stock.
Several other stock analysts have also recently commented on the stock. Wells Fargo & Company lowered its price target on Ralph Lauren shares to $95.00 in a Wednesday, May 25 research note. Cowen lowered his price target on Ralph Lauren shares from $171.00 to $151.00 in a Wednesday, June 1 research note. Telsey Advisory Group lowered its price target on Ralph Lauren shares from $160.00 to $140.00 and set an outperformance rating for the company in a Wednesday, May 25 research note. Goldman Sachs Group lowered its price target on Ralph Lauren shares from $85.00 to $78.00 and set a sell rating for the company in a research note on Thursday, July 21. Finally, TheStreet downgraded Ralph Lauren shares from an ab to a c+ rating in a Tuesday May 24 research note. One equity research analyst gave the stock a sell rating, six issued a hold rating and seven issued a buy rating for the company’s stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of Hold and a consensus price target of $121.77.
Ralph Lauren Price Performance
NYSE:RL shares opened at $98.84 on Thursday. The company has a market capitalization of $6.93 billion, a price/earnings ratio of 13.06, a PEG ratio of 4.16 and a beta of 1.37. The company has a debt ratio of 0.62, a current ratio of 2.05 and a quick ratio of 1.44. The company has a 50-day simple moving average of $95.39 and a 200-day simple moving average of $105.64. Ralph Lauren has a one-year low of $86.54 and a one-year high of $135.99.
Ralph Lauren (NYSE:RL – Get Rating) last released quarterly earnings data on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.30 by $0.19. The company posted revenue of $1.53 billion in the quarter, versus a consensus estimate of $1.46 billion. Ralph Lauren had a net margin of 8.82% and a return on equity of 22.33%. The company’s revenue increased by 18.7% compared to the same quarter last year. During the same quarter of the previous year, the company achieved EPS of $0.38. Research analysts predict that Ralph Lauren will post earnings per share of 7.89 for the current fiscal year.
Ralph Lauren increases its dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.75. This represents a dividend of $3.00 on an annualized basis and a yield of 3.04%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.69. The ex-dividend date was Thursday, June 30. Ralph Lauren’s dividend payout ratio (DPR) is currently 39.63%.
Institutional investors weigh in on Ralph Lauren
A number of large investors have recently bought and sold shares of RL. CWM LLC increased its stake in Ralph Lauren by 127.7% in the first quarter. CWM LLC now owns 230 shares of the textile maker worth $26,000 after purchasing an additional 129 shares during the period. US Asset Management LLC acquired a new stake in Ralph Lauren in the first quarter worth $35,000. Daiwa Securities Group Inc. increased its stake in Ralph Lauren by 38.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker worth $54,000 after buying an additional 125 shares during the period. Covestor Ltd acquired a new stake in Ralph Lauren in the fourth quarter worth $57,000. Finally, IndexIQ Advisors LLC acquired a new stake in Ralph Lauren in the fourth quarter worth $84,000. 99.89% of the shares are currently held by institutional investors and hedge funds.
About Ralph Lauren
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Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, glasses, 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 comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and gift items; and perfumes.
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