Citigroup Cuts Ralph Lauren (NYSE:RL) Price Target to $219.00

Ralph Lauren (NYSE:RL) had its target price reduced by Citigroup from $282.00 to $219.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

RL has been the subject of a number of other research reports. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Barclays increased their price objective on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group lifted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC started coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price for the company. Finally, The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $286.00 in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.43.

Ralph Lauren Stock Up 14.2 %

Ralph Lauren stock opened at $208.25 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market capitalization of $12.86 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The business has a 50 day simple moving average of $241.63 and a 200-day simple moving average of $227.48. Ralph Lauren has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.58%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently bought and sold shares of RL. Captrust Financial Advisors grew its holdings in Ralph Lauren by 46.3% during the 3rd quarter. Captrust Financial Advisors now owns 3,366 shares of the textile maker’s stock worth $653,000 after acquiring an additional 1,066 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Ralph Lauren by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 19,522 shares of the textile maker’s stock valued at $3,784,000 after acquiring an additional 1,000 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Ralph Lauren by 3.5% in the third quarter. Integrated Wealth Concepts LLC now owns 3,706 shares of the textile maker’s stock valued at $719,000 after purchasing an additional 125 shares in the last quarter. Quantinno Capital Management LP increased its stake in Ralph Lauren by 37.5% in the third quarter. Quantinno Capital Management LP now owns 22,168 shares of the textile maker’s stock valued at $4,298,000 after purchasing an additional 6,043 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Ralph Lauren by 34.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 14,356 shares of the textile maker’s stock worth $2,783,000 after acquiring an additional 3,644 shares in the last quarter. Hedge funds and other institutional investors 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.