Needham & Company LLC upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. Needham & Company LLC currently has $122.00 price target on the textile maker’s stock.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Ralph Lauren from a neutral rating to an overweight rating and set a $150.00 price objective for the company in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of Ralph Lauren from a hold rating to a buy rating and set a $149.00 price objective for the company in a research note on Thursday, October 4th. Buckingham Research lifted their price objective on shares of Ralph Lauren from $138.00 to $140.00 and gave the stock a neutral rating in a research note on Wednesday, October 17th. Deutsche Bank started coverage on shares of Ralph Lauren in a research note on Monday, October 29th. They set a buy rating and a $149.00 price objective for the company. Finally, Piper Jaffray Companies upgraded shares of Ralph Lauren from an underweight rating to a neutral rating and set a $125.00 price objective for the company in a research note on Thursday, September 20th. One equities 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 company’s stock. Ralph Lauren currently has an average rating of Hold and an average price target of $134.41.

Shares of RL opened at $105.43 on Thursday. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.54 and a beta of 0.63. Ralph Lauren has a twelve month low of $95.63 and a twelve month high of $147.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.17.

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

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

Institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in Ralph Lauren in the second quarter valued at $150,000. Lourd Capital LLC purchased a new position in Ralph Lauren in the third quarter valued at $205,000. Engineers Gate Manager LP purchased a new position in Ralph Lauren in the third quarter valued at $206,000. Janney Montgomery Scott LLC purchased a new position in Ralph Lauren in the third quarter valued at $245,000. Finally, BB&T Securities LLC purchased a new position in Ralph Lauren in the second quarter valued at $250,000. 69.41% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

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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