Ralph Lauren (NYSE:RL) Price Target Raised to $197.00

Ralph Lauren (NYSE:RL) had its price objective hoisted by stock analysts at TD Cowen from $192.00 to $197.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. TD Cowen’s price target indicates a potential upside of 17.08% from the company’s current price.

A number of other brokerages also recently weighed in on RL. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price (up from $165.00) on shares of Ralph Lauren in a report on Thursday, February 8th. Raymond James upped their price objective on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. The Goldman Sachs Group raised their target price on Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Wells Fargo & Company raised their price objective on Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, March 4th. Finally, UBS Group upped their target price on Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $163.08.

Ralph Lauren Trading Up 1.9 %

Shares of NYSE RL traded up $3.10 during midday trading on Thursday, reaching $168.26. The stock had a trading volume of 168,227 shares, compared to its average volume of 966,253. The company’s 50 day moving average price is $173.89 and its 200 day moving average price is $152.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17. Ralph Lauren has a twelve month low of $103.17 and a twelve month high of $192.03. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.64. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $3.35 earnings per share. Ralph Lauren’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that Ralph Lauren will post 10.23 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

A number of large investors have recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. increased its stake in Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after acquiring an additional 122 shares during the last quarter. Spire Wealth Management raised its stake in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 102 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Ralph Lauren during the first quarter valued at approximately $42,000. GAMMA Investing LLC purchased a new position in Ralph Lauren in the 4th quarter worth approximately $45,000. Finally, Headlands Technologies LLC bought a new position in shares of Ralph Lauren in the 3rd quarter worth $46,000. 67.91% of the stock is owned by 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.