TD Cowen Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price objective hoisted by TD Cowen from $208.00 to $251.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other equities research analysts also recently issued reports on RL. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Barclays lifted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Guggenheim raised their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.10.

Ralph Lauren Stock Up 6.6 %

Shares of NYSE RL opened at $221.70 on Tuesday. The stock has a fifty day moving average price of $191.89 and a 200 day moving average price of $178.83. The company has a market cap of $13.73 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.63 and a beta of 1.49. Ralph Lauren has a 12-month low of $113.16 and a 12-month high of $237.16. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. Research analysts anticipate that Ralph Lauren will post 11.26 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.49%. Ralph Lauren’s dividend payout ratio is currently 31.82%.

Institutional Trading of Ralph Lauren

A number of institutional investors and hedge funds have recently made changes to their positions in RL. Pacer Advisors Inc. raised its stake in shares of Ralph Lauren by 12,493.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its holdings in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after buying an additional 446,097 shares during the last quarter. Swedbank AB acquired a new position in Ralph Lauren in the 1st quarter valued at $61,022,000. Finally, Vanguard Group Inc. raised its holdings in Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after acquiring an additional 203,495 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

About Ralph Lauren

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.