Ralph Lauren (NYSE:RL) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Ralph Lauren (NYSE:RL) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $195.00 price target on the textile maker’s stock.

A number of other brokerages have also recently commented on RL. UBS Group raised their price objective on Ralph Lauren from $244.00 to $250.00 and gave the company a buy rating in a research note on Thursday, May 16th. TD Cowen raised their price objective on Ralph Lauren from $192.00 to $197.00 and gave the company a buy rating in a research note on Thursday, May 9th. Raymond James raised their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Jefferies Financial Group began coverage on Ralph Lauren in a research note on Tuesday, April 30th. They issued a buy rating and a $195.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Ralph Lauren from $160.00 to $185.00 and gave the company an equal weight rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $170.50.

Ralph Lauren Trading Up 2.3 %

Shares of RL stock opened at $173.45 on Thursday. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.00 and a beta of 1.55. The stock has a 50-day moving average of $170.70 and a 200-day moving average of $157.10. The company has a current ratio of 2.29, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. Ralph Lauren has a 1-year low of $103.17 and a 1-year high of $192.03.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities research analysts forecast that Ralph Lauren will post 11.1 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.90%. Ralph Lauren’s dividend payout ratio is currently 30.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RL. QRG Capital Management Inc. raised its position in shares of Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after acquiring an additional 65 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Ralph Lauren by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 12,999 shares of the textile maker’s stock worth $1,874,000 after acquiring an additional 82 shares in the last quarter. Spire Wealth Management raised its position in shares of Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after acquiring an additional 102 shares in the last quarter. Financial Gravity Asset Management Inc. raised its position in shares of Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after acquiring an additional 122 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its position in shares of Ralph Lauren by 5.4% in the 1st quarter. Wakefield Asset Management LLLP now owns 2,450 shares of the textile maker’s stock worth $460,000 after acquiring an additional 126 shares in the last quarter. Institutional investors 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.