Deutsche Bank Aktiengesellschaft Increases Ralph Lauren (NYSE:RL) Price Target to $122.00

Ralph Lauren (NYSE:RL – Get Rating) had its price objective upped by Deutsche Bank Aktiengesellschaft from $119.00 to $122.00 in a report issued on Friday, The Fly reports.

A number of other research firms have also recently issued reports on RL. Cowen lifted their target price on Ralph Lauren from $148.00 to $151.00 and gave the company an outperform rating in a research report on Friday, February 10th. Citigroup lifted their target price on Ralph Lauren from $92.00 to $124.00 and gave the company a neutral rating in a research report on Thursday, February 2nd. Bank of America upgraded Ralph Lauren from a neutral rating to a buy rating and lifted their target price for the company from $130.00 to $145.00 in a research report on Monday, February 13th. Credit Suisse Group lifted their target price on Ralph Lauren from $115.00 to $135.00 and gave the company an outperform rating in a research report on Friday, February 10th. Finally, Telsey Advisory Group restated an outperform rating and set a $140.00 price target on shares of Ralph Lauren in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $129.62.

Ralph Lauren Stock Up 5.3 %

RL stock opened at $114.00 on Friday. The company has a market cap of $7.52 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. The business has a 50-day simple moving average of $113.62 and a 200 day simple moving average of $113.26. Ralph Lauren has a 52 week low of $82.23 and a 52 week high of $128.94. The company has a quick ratio of 1.37, a current ratio of 2.08 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL – Get Rating) last posted its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.25. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Ralph Lauren’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Ralph Lauren will post 8.12 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, March 30th. Ralph Lauren’s dividend payout ratio (DPR) is presently 40.27%.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in Ralph Lauren by 18.3% during the third quarter. BlackRock Inc. now owns 5,918,601 shares of the textile maker’s stock worth $502,667,000 after buying an additional 916,317 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ralph Lauren by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,927,941 shares of the textile maker’s stock worth $559,026,000 after buying an additional 37,574 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Ralph Lauren by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,333,095 shares of the textile maker’s stock worth $352,208,000 after buying an additional 13,004 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Ralph Lauren by 357.1% during the first quarter. Victory Capital Management Inc. now owns 2,509,833 shares of the textile maker’s stock worth $292,822,000 after buying an additional 1,960,802 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Ralph Lauren by 1.1% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,549,294 shares of the textile maker’s stock worth $180,756,000 after buying an additional 16,575 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.