Ralph Lauren (NYSE:RL) Price Target Raised to $207.00 at Telsey Advisory Group

Ralph Lauren (NYSE:RL) had its price objective lifted by analysts at Telsey Advisory Group from $195.00 to $207.00 in a report released on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective points to a potential upside of 12.03% from the stock’s previous close.

RL has been the topic of a number of other reports. TD Cowen cut their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Barclays boosted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Guggenheim reiterated a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Finally, Wells Fargo & Company cut their price objective on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.00.

Ralph Lauren Stock Performance

Shares of RL stock opened at $184.77 on Friday. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $192.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The business has a 50 day simple moving average of $170.14 and a 200 day simple moving average of $173.39.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. On average, equities research analysts anticipate that Ralph Lauren will post 11.23 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth about $30,000. Gladius Capital Management LP acquired a new position in Ralph Lauren during the 2nd quarter valued at $31,000. Versant Capital Management Inc boosted its holdings in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren in the 1st quarter worth $42,000. Finally, EntryPoint Capital LLC bought a new position in shares of Ralph Lauren during the 1st quarter worth about $63,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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.