Ralph Lauren (NYSE:RL) Price Target Raised to $342.00

Ralph Lauren (NYSE:RL) had its price objective raised by JPMorgan Chase & Co. from $285.00 to $342.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. UBS Group boosted their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Guggenheim boosted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Stock Performance

Shares of RL opened at $277.92 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The stock has a market capitalization of $17.16 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49. The company’s fifty day moving average is $248.94 and its two-hundred day moving average is $213.60. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, sell-side analysts predict that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.19%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp increased its stake in shares of Ralph Lauren by 48.4% during the 4th quarter. Mackenzie Financial Corp now owns 130,201 shares of the textile maker’s stock valued at $30,074,000 after acquiring an additional 42,471 shares during the last quarter. JT Stratford LLC acquired a new position in shares of Ralph Lauren during the 4th quarter valued at about $263,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ralph Lauren by 1.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 311,274 shares of the textile maker’s stock valued at $71,898,000 after acquiring an additional 5,742 shares during the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Ralph Lauren by 9.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 15,689 shares of the textile maker’s stock valued at $3,624,000 after acquiring an additional 1,333 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Ralph Lauren during the 4th quarter worth approximately $558,000. 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.