Ralph Lauren (NYSE:RL) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Ralph Lauren (NYSE:RL) in a report released on Friday,Benzinga reports. The brokerage currently has a $315.00 price target on the textile maker’s stock.

A number of other brokerages have also commented on RL. Jefferies Financial Group raised their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Barclays set a $260.00 target price on shares of Ralph Lauren and gave the stock an “overweight” rating in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group raised their target price on shares of Ralph Lauren from $300.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $277.29.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $274.65 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a market capitalization of $16.96 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company’s 50-day moving average is $222.67 and its 200 day moving average is $232.95.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, March 28th. Ralph Lauren’s payout ratio is 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently bought and sold shares of RL. Principal Financial Group Inc. boosted its stake in Ralph Lauren by 1.1% in the third quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker’s stock valued at $12,601,000 after acquiring an additional 694 shares in the last quarter. Czech National Bank boosted its stake in Ralph Lauren by 6.9% in the fourth quarter. Czech National Bank now owns 8,721 shares of the textile maker’s stock valued at $2,014,000 after acquiring an additional 561 shares in the last quarter. Wedmont Private Capital acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $231,000. Park Avenue Securities LLC boosted its stake in Ralph Lauren by 18.1% in the fourth quarter. Park Avenue Securities LLC now owns 2,978 shares of the textile maker’s stock valued at $688,000 after acquiring an additional 456 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Ralph Lauren by 27.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,721 shares of the textile maker’s stock valued at $1,090,000 after acquiring an additional 1,007 shares in the last quarter. 67.91% of the stock is currently 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. 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.