Ralph Lauren Corporation (NYSE:RL) Receives $445.67 Consensus Price Target from Brokerages

Ralph Lauren Corporation (NYSE:RL) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $445.6667.

Several analysts have recently issued reports on RL shares. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Finally, Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Ralph Lauren Trading Up 0.3%

NYSE:RL opened at $388.49 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. Ralph Lauren has a one year low of $283.50 and a one year high of $421.60. The company has a market cap of $23.12 billion, a PE ratio of 24.48, a PEG ratio of 1.46 and a beta of 1.35. The firm has a 50-day moving average of $391.58 and a 200-day moving average of $369.45.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.27. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.77 EPS. As a group, equities research analysts expect that Ralph Lauren will post 18.77 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blueline Advisors LLC bought a new position in Ralph Lauren in the 4th quarter valued at $27,000. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren in the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren during the second quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new stake in Ralph Lauren during the second quarter worth about $32,000. Finally, Elevated Capital Advisors LLC bought a new stake in Ralph Lauren in the fourth quarter worth about $35,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.