Ralph Lauren (NYSE:RL) Given “Outperform” Rating at Telsey Advisory Group

Ralph Lauren (NYSE:RL)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $435.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 22.53% from the company’s previous close.

RL has been the topic of a number of other reports. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Argus upped their target price on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. UBS Group lifted their price target on Ralph Lauren from $473.00 to $474.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group started coverage on Ralph Lauren in a report on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, Guggenheim started coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.35.

Ralph Lauren Trading Up 0.6%

Shares of NYSE RL opened at $355.01 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Ralph Lauren has a one year low of $176.61 and a one year high of $380.00. The business has a 50-day moving average price of $362.14 and a two-hundred day moving average price of $328.20. The firm has a market capitalization of $21.53 billion, a PE ratio of 26.24, a PEG ratio of 1.57 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. As a group, analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors have recently made changes to their positions in the business. Broad Peak Investment Advisers Pte Ltd bought a new position in Ralph Lauren in the 2nd quarter valued at $6,308,000. JPMorgan Chase & Co. increased its stake in shares of Ralph Lauren by 13.2% in the second 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ralph Lauren by 18.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock worth $10,147,000 after buying an additional 5,075 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Ralph Lauren by 159.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock worth $3,171,000 after acquiring an additional 6,213 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Ralph Lauren in the 2nd quarter valued at about $3,902,000. 67.91% of the stock is currently owned by 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.