Ralph Lauren (NYSE:RL) Price Target Raised to $195.00

Ralph Lauren (NYSE:RL) had its price objective increased by equities research analysts at Wells Fargo & Company from $175.00 to $195.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 0.76% from the stock’s current price.

RL has been the subject of several other reports. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Barclays raised their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, TD Cowen decreased their price target on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $196.49 on Thursday. 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 firm’s fifty day moving average price is $172.48 and its 200 day moving average price is $173.90. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $200.17.

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

Hedge Funds Weigh In On Ralph Lauren

Institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its holdings in shares of Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after purchasing an additional 65 shares during the last quarter. Oak Thistle LLC increased its position in Ralph Lauren by 6.2% in the second 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 period. Mather Group LLC. increased its position in Ralph Lauren by 26.3% in the second 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 period. Atomi Financial Group Inc. lifted its stake in Ralph Lauren by 8.4% in the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Ralph Lauren by 6.0% during the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 99 shares during the period. 67.91% of the stock is owned by 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.