Ralph Lauren (NYSE:RL) Price Target Raised to $430.00

Ralph Lauren (NYSE:RL) had its price target increased by Barclays from $416.00 to $430.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group cut their price objective on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research upped their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a report on Friday, February 6th. Evercore set a $420.00 price target on Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Finally, Guggenheim assumed coverage on shares of Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $389.06.

Ralph Lauren Stock Down 4.1%

RL opened at $338.90 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The company has a market capitalization of $20.52 billion, a PE ratio of 23.07, a P/E/G ratio of 1.32 and a beta of 1.47. The stock’s fifty day moving average is $361.53 and its 200-day moving average is $341.18. Ralph Lauren has a one year low of $176.61 and a one year high of $389.15.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.82 EPS. On average, equities analysts predict that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is currently 24.85%.

Insiders Place Their Bets

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 38.34% of the company’s stock.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently bought and sold shares of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ralph Lauren by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after purchasing an additional 174 shares in the last quarter. Empowered Funds LLC grew its position in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after purchasing an additional 114 shares in the last quarter. Woodline Partners LP grew its position in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after purchasing an additional 954 shares in the last quarter. Focus Partners Wealth increased its stake in Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after buying an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the 2nd quarter valued at approximately $386,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.