Barclays upgraded shares of Ralph Lauren (NYSE:RL) from an underweight rating to an equal weight rating in a research note issued to investors on Friday, MarketBeat reports.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Ralph Lauren from a hold rating to a buy rating and set a $149.00 price target on the stock in a research report on Thursday, October 4th. Nomura set a $125.00 price target on shares of Ralph Lauren and gave the stock a hold rating in a research report on Monday, November 26th. Guggenheim restated a hold rating on shares of Ralph Lauren in a research report on Tuesday, November 6th. Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the stock a hold rating in a research report on Tuesday, November 6th. Finally, JPMorgan Chase & Co. upgraded shares of Ralph Lauren from a neutral rating to an overweight rating and set a $150.00 price target on the stock in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $134.41.

Shares of NYSE:RL opened at $105.43 on Friday. Ralph Lauren has a 12 month low of $95.63 and a 12 month high of $147.79. The company has a market cap 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 current ratio of 2.98, a quick ratio of 2.17 and a debt-to-equity ratio of 0.20.

Ralph Lauren (NYSE:RL) last announced its earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a return on equity of 16.19% and a net margin of 3.82%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $1.99 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren will post 6.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, December 28th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, December 27th. Ralph Lauren’s dividend payout ratio is currently 41.46%.

Several hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. lifted its stake in shares of Ralph Lauren by 8.8% in the 4th quarter. Scout Investments Inc. now owns 134,824 shares of the textile maker’s stock valued at $13,949,000 after purchasing an additional 10,925 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Ralph Lauren by 8.2% in the 4th quarter. State of Alaska Department of Revenue now owns 12,541 shares of the textile maker’s stock valued at $1,297,000 after purchasing an additional 950 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at $260,000. Teachers Advisors LLC lifted its stake in shares of Ralph Lauren by 0.4% in the 3rd quarter. Teachers Advisors LLC now owns 78,010 shares of the textile maker’s stock valued at $10,730,000 after purchasing an additional 302 shares during the last quarter. Finally, Palo Capital Inc. acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at $587,000. 69.41% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren

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.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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