Ralph Lauren Co. (NYSE:RL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ralph Lauren Co. (NYSE:RL) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $184.80.

A number of research analysts have weighed in on RL shares. UBS Group boosted their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Ralph Lauren in a research note on Wednesday, August 7th. Guggenheim reiterated a “buy” rating and issued a $200.00 target price on shares of Ralph Lauren in a research note on Friday, May 24th. Finally, Wells Fargo & Company dropped their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th.

Ralph Lauren Stock Up 3.3 %

Ralph Lauren stock opened at $174.59 on Friday. Ralph Lauren has a fifty-two week low of $108.60 and a fifty-two week high of $192.03. The stock has a market cap of $10.91 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. The firm’s 50-day simple moving average is $171.10 and its 200 day simple moving average is $173.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts predict that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in Ralph Lauren by 2.8% during the 1st 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 period. Oak Thistle LLC increased its holdings in shares of Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after buying an additional 72 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of Ralph Lauren by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 12,999 shares of the textile maker’s stock worth $1,874,000 after buying an additional 82 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 26.3% in 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. Finally, Atomi Financial Group Inc. increased its holdings 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 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.