Wells Fargo & Company Boosts Ralph Lauren (NYSE:RL) Price Target to $205.00

Ralph Lauren (NYSE:RL) had its price objective lifted by Wells Fargo & Company from $195.00 to $205.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the textile maker’s stock.

Several other brokerages also recently weighed in on RL. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, September 26th. Cfra set a $171.00 price objective on Ralph Lauren in a report on Thursday, October 17th. The Goldman Sachs Group lifted their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Argus reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.09.

Ralph Lauren Stock Performance

Shares of RL stock opened at $197.59 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $185.78 and a two-hundred day moving average of $176.24. The company has a market cap of $12.24 billion, a P/E ratio of 19.05, a PEG 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.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.34 EPS. As a group, analysts anticipate that Ralph Lauren will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

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

Hedge Funds Weigh In On Ralph Lauren

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares in the last quarter. Boston Partners lifted its position in shares of Ralph Lauren by 3.4% during the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after acquiring an additional 41,482 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after acquiring an additional 528,778 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after purchasing an additional 189,600 shares during the period. Institutional investors and hedge funds 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.