Ralph Lauren (NYSE:RL) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Ralph Lauren (NYSE:RL) from a neutral rating to a buy rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has $286.00 price target on the textile maker’s stock, up from their previous price target of $280.00.

Other equities analysts also recently issued research reports about the company. UBS Group raised their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Needham & Company LLC started coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, TD Cowen raised their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $225.24 on Tuesday. 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 company has a market capitalization of $13.91 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The business has a 50 day simple moving average of $252.28 and a 200 day simple moving average of $223.52.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. Ralph Lauren’s dividend payout ratio (DPR) is currently 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Huntington National Bank boosted its position in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after purchasing an additional 225 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Company Profile

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.