Wells Fargo & Company Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price target boosted by Wells Fargo & Company from $215.00 to $225.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Tuesday, December 31st. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Stock Down 2.6 %

NYSE RL opened at $236.78 on Friday. Ralph Lauren has a 52 week low of $134.90 and a 52 week high of $245.92. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $14.70 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The stock’s 50-day moving average price is $223.62 and its 200-day moving average price is $194.93.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. On average, equities research analysts predict that Ralph Lauren will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors have recently bought and sold shares of the business. Huntington National Bank raised its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC increased its stake in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd purchased a new stake in Ralph Lauren during the third quarter valued at approximately $58,000. Quent Capital LLC lifted its stake in shares of Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the period. Institutional investors 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.