Ralph Lauren (NYSE:RL) Price Target Raised to $268.00

Ralph Lauren (NYSE:RLGet Free Report) had its price target hoisted by TD Cowen from $258.00 to $268.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. TD Cowen’s price objective indicates a potential upside of 8.34% from the company’s current price.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim increased their target price on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $251.73.

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Ralph Lauren Price Performance

NYSE:RL traded up $1.36 during trading hours on Tuesday, hitting $247.36. 246,023 shares of the stock were exchanged, compared to its average volume of 669,871. Ralph Lauren has a 52-week low of $144.85 and a 52-week high of $260.77. The firm’s fifty day moving average price is $236.23 and its 200 day moving average price is $203.78. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a market cap of $15.36 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.86 and a beta of 1.49.

Ralph Lauren (NYSE:RLGet Free Report) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Burney Co. purchased a new position in Ralph Lauren during the fourth quarter worth $5,711,000. Charles Schwab Investment Management Inc. boosted its stake in Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after acquiring an additional 13,640 shares in the last quarter. Bridgewater Associates LP increased its position in Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock valued at $11,618,000 after buying an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ralph Lauren in the 3rd quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC grew its holdings in shares of Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock valued at $2,752,000 after buying an additional 2,880 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

(Get Free Report)

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.

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