Ralph Lauren (NYSE:RL) Price Target Raised to $430.00 at Barclays

Ralph Lauren (NYSE:RL) had its price target increased by Barclays from $416.00 to $430.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other equities analysts have also recently issued reports on RL. Evercore set a $420.00 price target on Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings raised Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a report on Thursday, February 5th. Zacks Research upgraded Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Argus increased their price target on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $389.06.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $14.52 during trading on Friday, reaching $338.90. The company’s stock had a trading volume of 690,968 shares, compared to its average volume of 646,869. The company has a 50-day moving average price of $361.53 and a two-hundred day moving average price of $340.40. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The firm has a market cap of $20.52 billion, a PE ratio of 23.07, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm posted $4.82 EPS. Ralph Lauren’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is presently 24.85%.

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the period. Blueline Advisors LLC acquired a new position in Ralph Lauren during the fourth quarter worth about $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the third quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the second quarter valued at about $28,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.