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

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

A number of analysts have recently weighed in on RL shares. Guggenheim reissued a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 target price on shares of Ralph Lauren in a research note on Wednesday, August 7th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, Barclays upped their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th.

Ralph Lauren Stock Performance

Shares of RL stock opened at $178.64 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The company’s fifty day moving average price is $169.85 and its two-hundred day moving average price is $173.28. The firm has a market capitalization of $11.06 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.44 and a beta of 1.49. Ralph Lauren has a 12 month low of $108.60 and a 12 month high of $192.03.

Ralph Lauren (NYSE:RL) last released its quarterly 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. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the second quarter worth approximately $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren during the 2nd quarter valued at $31,000. Versant Capital Management Inc raised its stake in Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 213 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Ralph Lauren during the 1st quarter worth $42,000. Finally, EntryPoint Capital LLC bought a new position in shares of Ralph Lauren in the first quarter worth $63,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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