Ralph Lauren (NYSE:RL) Rating Increased to Buy at StockNews.com

Ralph Lauren (NYSE:RL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. Argus reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Barclays raised their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Finally, TD Cowen increased their price objective on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $192.22 on Monday. The company has a market capitalization of $12.02 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The stock has a fifty day moving average of $172.99 and a 200-day moving average of $173.88. Ralph Lauren has a one year low of $108.60 and a one year high of $200.17.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. Ralph Lauren’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $2.34 EPS. As a group, equities analysts anticipate that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently added to or reduced their stakes in RL. Pacer Advisors Inc. boosted its stake in shares of Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC boosted its position in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares during the period. Acadian Asset Management LLC boosted its position in Ralph Lauren by 15,903.6% during the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares during the period. Swedbank AB acquired a new position in Ralph Lauren during the first quarter valued at approximately $61,022,000. Finally, Los Angeles Capital Management LLC raised its position in shares of Ralph Lauren by 10,207.7% in the first quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares during the period. 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.