Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Ralph Lauren (NYSE:RL) had its price objective raised by The Goldman Sachs Group from $220.00 to $280.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Several other brokerages also recently commented on RL. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday. Barclays boosted their price target on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen upped their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $276.55.

Ralph Lauren Stock Down 1.4 %

Shares of Ralph Lauren stock opened at $269.27 on Friday. Ralph Lauren has a 12-month low of $155.96 and a 12-month high of $289.33. The stock has a 50 day moving average price of $239.00 and a two-hundred day moving average price of $205.85. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $16.72 billion, a P/E ratio of 24.57, a PEG ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities analysts expect that Ralph Lauren will post 11.73 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after purchasing an additional 137,631 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after buying an additional 30,694 shares in the last quarter. Holocene Advisors LP boosted its position in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the last quarter. Jennison Associates LLC grew its position in Ralph Lauren by 13.2% during the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after buying an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after purchasing an additional 13,640 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

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.