Ralph Lauren (NYSE:RL) Price Target Raised to $348.00 at UBS Group

Ralph Lauren (NYSE:RL) had its price target lifted by research analysts at UBS Group from $332.00 to $348.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective indicates a potential upside of 28.36% from the company’s previous close.

RL has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.36.

Ralph Lauren Trading Down 0.7 %

Shares of NYSE RL traded down $2.02 during mid-day trading on Friday, hitting $271.12. 276,604 shares of the company traded hands, compared to its average volume of 754,406. The business has a 50 day moving average of $238.24 and a two-hundred day moving average of $205.15. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.86 and a beta of 1.49. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. On average, sell-side analysts anticipate that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Institutional investors have recently modified their holdings of the business. Mather Group LLC. grew its stake in shares of Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after buying an additional 47 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after purchasing an additional 55 shares during the last quarter. Simmons Bank increased its stake in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after buying an additional 62 shares during the period. Asset Management One Co. Ltd. grew its holdings in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after acquiring an additional 62 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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.