The Goldman Sachs Group Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its price target boosted by analysts at The Goldman Sachs Group from $220.00 to $280.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 4.23% from the stock’s current price.

Several other equities analysts have also commented on RL. Barclays increased their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. UBS Group lifted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $276.55.

Ralph Lauren Trading Down 1.6 %

NYSE:RL traded down $4.50 during trading hours on Friday, reaching $268.64. 529,889 shares of the stock were exchanged, compared to its average volume of 765,769. 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 of $238.24 and a two-hundred day moving average of $205.15. Ralph Lauren has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.86 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Ralph Lauren will post 11.71 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after buying an additional 149 shares during the last quarter. Huntington National Bank boosted its position in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $58,000. Finally, Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares in the last quarter. 67.91% of the stock is 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.