Needham & Company LLC upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has $122.00 price target on the textile maker’s stock.
Other research analysts also recently issued research reports about the stock. Deutsche Bank started coverage on shares of Ralph Lauren in a report on Monday, October 29th. They set a buy rating and a $149.00 price objective for the company. Zacks Investment Research raised shares of Ralph Lauren from a hold rating to a buy rating and set a $149.00 price objective for the company in a report on Thursday, October 4th. Buckingham Research raised shares of Ralph Lauren from a neutral rating to a buy rating in a report on Wednesday, January 9th. Wells Fargo & Co set a $130.00 price objective on shares of Ralph Lauren and gave the company a hold rating in a report on Tuesday, November 6th. Finally, Guggenheim reissued a hold rating on shares of Ralph Lauren in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Ralph Lauren currently has a consensus rating of Hold and a consensus target price of $134.41.
Shares of Ralph Lauren stock opened at $105.43 on Thursday. The firm has a market capitalization of $8.80 billion, a P/E ratio of 17.48, a PEG ratio of 1.54 and a beta of 0.63. The company has a quick ratio of 2.17, a current ratio of 2.98 and a debt-to-equity ratio of 0.20. Ralph Lauren has a fifty-two week low of $95.63 and a fifty-two week high of $147.79.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.10. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. Ralph Lauren’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.99 EPS. On average, sell-side analysts forecast that Ralph Lauren will post 6.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Friday, December 28th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, December 27th. Ralph Lauren’s payout ratio is 41.46%.
Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new stake in Ralph Lauren in the 2nd quarter worth about $150,000. Lourd Capital LLC purchased a new position in shares of Ralph Lauren during the third quarter worth approximately $205,000. Engineers Gate Manager LP purchased a new position in shares of Ralph Lauren during the third quarter worth approximately $206,000. Janney Montgomery Scott LLC purchased a new position in shares of Ralph Lauren during the third quarter worth approximately $245,000. Finally, BB&T Securities LLC purchased a new position in shares of Ralph Lauren during the second quarter worth approximately $250,000. 69.41% of the stock is 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. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
Featured Article: What is a Roth IRA?
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.