Ralph Lauren Corporation (NYSE:RL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ralph Lauren Corporation (NYSE:RL) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $445.6667.

A number of brokerages recently issued reports on RL. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Needham & Company LLC raised their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup boosted their price target on Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Raymond James Financial restated an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price objective on Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $336.56 on Friday. The firm has a market cap of $20.05 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. Ralph Lauren has a 12-month low of $299.98 and a 12-month high of $421.60. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $374.19 and its two-hundred day simple moving average is $368.99.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $3.77 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts expect that Ralph Lauren will post 18.79 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blueline Advisors LLC bought a new stake in Ralph Lauren during the fourth quarter valued at about $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren in the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at about $32,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of Ralph Lauren during the 4th quarter valued at approximately $38,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.