TD Cowen Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its price target boosted by stock analysts at TD Cowen from $258.00 to $268.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. TD Cowen’s target price points to a potential upside of 8.34% from the stock’s current price.

Other analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Guggenheim increased their price target on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Wells Fargo & Company raised their price objective on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.73.

Ralph Lauren Trading Up 0.6 %

RL traded up $1.36 during trading on Tuesday, hitting $247.36. 246,023 shares of the company’s stock were exchanged, compared to its average volume of 669,871. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 1 year low of $144.85 and a 1 year high of $260.77. The stock has a 50 day moving average price of $236.23 and a 200 day moving average price of $203.78. The firm has a market cap of $15.36 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. As a group, analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mather Group LLC. lifted its holdings in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Ralph Lauren by 3.4% during 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 period. Simmons Bank raised its holdings in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after purchasing an additional 62 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of 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 period. Finally, Commerce Bank increased its stake in Ralph Lauren by 1.2% during the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after buying an additional 66 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.