Barclays Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL – Get Free Report) had its target price hoisted by investment analysts at Barclays from $463.00 to $473.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price would suggest a potential upside of 24.43% from the company’s current price.

RL has been the subject of a number of other research reports. BTIG Research boosted their price target on Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Wall Street Zen lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. JPMorgan Chase & Co. raised their price target on Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $460.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $449.79.

Check Out Our Latest Stock Analysis on RL

Ralph Lauren Stock Performance

Shares of NYSE RL traded down $1.64 during midday trading on Friday, hitting $380.14. 149,484 shares of the company’s stock were exchanged, compared to its average volume of 637,490. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The stock’s 50 day moving average price is $363.44 and its 200-day moving average price is $367.66. The firm has a market cap of $22.65 billion, a P/E ratio of 23.95, a PEG ratio of 1.86 and a beta of 1.30. Ralph Lauren has a twelve month low of $315.71 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The textile maker reported $4.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.38. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $3.79 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren will post 18.88 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Continuum Advisory LLC bought a new stake in Ralph Lauren in the second quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Ralph Lauren by 154.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 79 shares during the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in Ralph Lauren in the 3rd quarter valued at about $58,000. Parkside Financial Bank & Trust boosted its position in shares of Ralph Lauren by 27.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 38 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. boosted its position in shares of Ralph Lauren by 5,000.0% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 255 shares of the textile maker’s stock valued at $91,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

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Ralph Lauren Company Profile

(Get Free Report)

Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.

Further Reading

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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