Ralph Lauren (NYSE:RL) Given New $300.00 Price Target at UBS Group

Ralph Lauren (NYSE:RL) had its target price increased by equities research analysts at UBS Group from $287.00 to $300.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target indicates a potential upside of 34.78% from the company’s current price.

Several other brokerages have also recently commented on RL. Raymond James raised their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen raised their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company upped their target price on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Trading Up 0.4 %

Shares of RL opened at $222.58 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 1-year low of $113.92 and a 1-year high of $237.16. The stock has a market capitalization of $13.79 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.65 and a beta of 1.49. The business’s 50-day moving average price is $192.92 and its 200 day moving average price is $179.33.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 earnings per share. Analysts expect that Ralph Lauren will post 11.33 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently modified their holdings of RL. Norden Group LLC bought a new position in shares of Ralph Lauren in the 1st quarter valued at approximately $223,000. Janney Montgomery Scott LLC raised its position in shares of Ralph Lauren by 26.9% in the first quarter. Janney Montgomery Scott LLC now owns 3,241 shares of the textile maker’s stock valued at $609,000 after purchasing an additional 688 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Ralph Lauren by 20.8% in the first quarter. Daiwa Securities Group Inc. now owns 1,287 shares of the textile maker’s stock worth $242,000 after buying an additional 222 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Ralph Lauren by 2.7% in the first quarter. Mutual of America Capital Management LLC now owns 12,230 shares of the textile maker’s stock worth $2,296,000 after buying an additional 316 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Ralph Lauren during the 1st quarter worth $2,207,000. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.