Ralph Lauren (NYSE:RL) PT Raised to $195.00

Ralph Lauren (NYSE:RL) had its price target boosted by analysts at Wells Fargo & Company from $175.00 to $195.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 0.76% from the stock’s previous close.

RL has been the subject of several other research reports. Telsey Advisory Group boosted their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Barclays raised their price target on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, TD Cowen decreased their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Ralph Lauren Stock Performance

NYSE:RL opened at $196.49 on Thursday. Ralph Lauren has a 52 week low of $108.60 and a 52 week high of $200.17. The company has a fifty day simple moving average of $172.48 and a two-hundred day simple moving average of $173.90. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $2.34 EPS. As a group, equities analysts anticipate that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Several institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its position in shares of Ralph Lauren by 2.8% in the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after acquiring an additional 65 shares during the last quarter. Oak Thistle LLC grew its stake in shares of Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the period. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after buying an additional 90 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Ralph Lauren by 8.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after buying an additional 90 shares during the period. Finally, Fifth Third Bancorp grew its position in Ralph Lauren by 6.0% during the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 99 shares during the period. 67.91% of the stock is currently 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. 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.