Ralph Lauren (NYSE:RL) Upgraded by Argus to Buy Rating

Ralph Lauren (NYSE:RL) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat reports. The firm presently has a $250.00 price target on the textile maker’s stock. Argus’ target price indicates a potential upside of 8.23% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. UBS Group boosted their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Guggenheim boosted their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Raymond James raised their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.27.

Ralph Lauren Trading Down 0.5 %

Shares of Ralph Lauren stock opened at $230.98 on Tuesday. Ralph Lauren has a twelve month low of $134.90 and a twelve month high of $237.16. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $218.91 and a 200-day moving average price of $192.63. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.69 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 EPS. Equities research analysts anticipate that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after buying an additional 994,385 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Ralph Lauren in the 3rd quarter worth $94,831,000. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after purchasing an additional 189,600 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after purchasing an additional 116,910 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.