Ralph Lauren (NYSE:RL) Given New $280.00 Price Target at The Goldman Sachs Group

Ralph Lauren (NYSE:RL) had its price objective raised by investment analysts at The Goldman Sachs Group from $220.00 to $280.00 in a 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 target price points to a potential upside of 4.23% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. Finally, BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $276.55.

Ralph Lauren Trading Down 1.6 %

Shares of RL stock traded down $4.50 on Friday, hitting $268.64. 529,889 shares of the company’s stock traded hands, compared to its average volume of 765,769. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 1.86 and a beta of 1.49. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The company’s fifty day simple moving average is $238.24 and its 200 day simple moving average is $205.15.

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

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after purchasing an additional 137,631 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $183,787,000 after acquiring an additional 30,694 shares during the period. Holocene Advisors LP raised its holdings in shares of Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after acquiring an additional 78,008 shares during the period. Jennison Associates LLC raised its holdings in shares of Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after acquiring an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares during the period. Institutional investors and hedge funds 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.