Ralph Lauren (NYSE:RL) Price Target Raised to $348.00

Ralph Lauren (NYSE:RL) had its price objective raised by equities researchers at UBS Group from $332.00 to $348.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s target price points to a potential upside of 28.36% from the stock’s previous close.

A number of other brokerages have also weighed in on RL. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $266.36.

Ralph Lauren Stock Down 0.7 %

RL stock traded down $2.02 during trading on Friday, hitting $271.12. 276,604 shares of the stock traded hands, compared to its average volume of 754,406. The firm’s 50 day moving average is $238.24 and its two-hundred day moving average is $205.15. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. On average, sell-side analysts anticipate that Ralph Lauren will post 11.71 EPS for the current year.

Institutional Trading of Ralph Lauren

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after buying an additional 137,631 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP raised its position in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. Jennison Associates LLC lifted its stake in Ralph Lauren by 13.2% during the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after purchasing an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ralph Lauren by 2.8% during 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 purchasing an additional 13,640 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

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