Ralph Lauren (NYSE:RL) Given New $280.00 Price Target at The Goldman Sachs Group

Ralph Lauren (NYSE:RL) had its price objective increased by The Goldman Sachs Group from $220.00 to $280.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

RL has been the topic of a number of other reports. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. TD Cowen lifted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James cut shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Barclays raised their price target on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group upped their target price 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.55.

Ralph Lauren Price Performance

NYSE:RL opened at $269.27 on Friday. The firm’s fifty day moving average is $239.00 and its two-hundred day moving average is $205.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.18 and a current ratio of 1.76. The firm 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. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33.

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

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. 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 is 30.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Huntington National Bank grew its holdings 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 acquiring an additional 103 shares in the last quarter. Jones Financial Companies Lllp increased its position in Ralph Lauren by 281.1% in 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 last quarter. True Wealth Design LLC raised its stake in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $58,000. Finally, Versant Capital Management Inc grew its stake 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 valued at $81,000 after buying an additional 270 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

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.