UBS Group Raises Ralph Lauren (NYSE:RL) Price Target to $435.00

Ralph Lauren (NYSE:RL) had its target price lifted by research analysts at UBS Group from $421.00 to $435.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target points to a potential upside of 33.85% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. TD Cowen increased their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. BTIG Research assumed coverage on Ralph Lauren in a research report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $340.53.

Ralph Lauren Stock Performance

RL stock traded up $9.94 during midday trading on Friday, reaching $324.98. 665,349 shares of the company’s stock traded hands, compared to its average volume of 799,807. The firm has a market capitalization of $19.69 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company has a 50-day moving average price of $317.71 and a two-hundred day moving average price of $289.06. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $341.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $2.54 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its position in Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after buying an additional 414,275 shares during the last quarter. Geode Capital Management LLC raised its position in Ralph Lauren by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock valued at $277,818,000 after purchasing an additional 15,785 shares during the period. JPMorgan Chase & Co. raised its holdings in Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after buying an additional 117,494 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

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.