Ralph Lauren’s (RL) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Ralph Lauren (NYSE:RL) in a research report sent to investors on Friday,Benzinga reports. Telsey Advisory Group currently has a $435.00 price target on the textile maker’s stock.

Other equities analysts also recently issued reports about the stock. Evercore ISI raised their target price on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a research report on Thursday, January 8th. Argus increased their target price on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Jefferies Financial Group started coverage on Ralph Lauren in a research report on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.35.

Ralph Lauren Stock Performance

RL opened at $353.52 on Friday. Ralph Lauren has a 1-year low of $176.61 and a 1-year high of $380.00. The stock has a market cap of $21.44 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.56 and a beta of 1.49. The stock’s 50 day simple moving average is $362.41 and its 200 day simple moving average is $329.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $2.54 earnings per share. Ralph Lauren’s revenue was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of Ralph Lauren by 0.3% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after purchasing an additional 32 shares in the last quarter. Wedmont Private Capital lifted its holdings in Ralph Lauren by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock worth $362,000 after buying an additional 34 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after buying an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Ralph Lauren by 23.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after acquiring an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC increased its position in shares of Ralph Lauren by 1.1% during the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 34 shares during the last quarter. 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.