Ralph Lauren (NYSE:RL) Given New $208.00 Price Target at TD Cowen

Ralph Lauren (NYSE:RL) had its target price lifted by TD Cowen from $193.00 to $208.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

A number of other research analysts have also issued reports on the stock. Telsey Advisory Group boosted their price target on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an outperform rating in a research note on Friday, September 20th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $175.00 to $195.00 and gave the company an equal weight rating in a report on Thursday. StockNews.com downgraded Ralph Lauren from a buy rating to a hold rating in a research note on Friday, September 6th. Barclays lifted their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Finally, Argus reissued a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of Moderate Buy and an average target price of $189.00.

Ralph Lauren Stock Down 0.1 %

Ralph Lauren stock opened at $196.53 on Thursday. The stock has a 50 day moving average of $172.48 and a two-hundred day moving average of $173.86. Ralph Lauren has a twelve month low of $108.60 and a twelve month high of $200.17. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.56 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $2.34 earnings per share. As a group, research analysts expect that Ralph Lauren will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently made changes to their positions in the business. Family Firm Inc. acquired a new position in Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP purchased a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Ralph Lauren during the 1st quarter worth approximately $42,000. Versant Capital Management Inc raised its position in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Ralph Lauren in the 1st quarter valued at approximately $63,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.