Ralph Lauren (NYSE:RL) Given New $275.00 Price Target at Wells Fargo & Company

Ralph Lauren (NYSE:RL) had its price objective lifted by Wells Fargo & Company from $225.00 to $275.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

A number of other equities research analysts have also weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. 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 report on Monday, October 21st. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.03 and a beta of 1.49. The firm’s 50-day moving average is $239.00 and its two-hundred day moving average is $205.85.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Ralph Lauren will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid 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 1.23%. Ralph Lauren’s dividend payout ratio is presently 30.11%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. Jones Financial Companies Lllp increased its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the period. True Wealth Design LLC lifted its holdings in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares during the period. AM Squared Ltd acquired a new position in Ralph Lauren during the third quarter worth $58,000. Finally, Versant Capital Management Inc raised its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares in the last quarter. 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.