Ralph Lauren (NYSE:RL) PT Raised to $193.00

Ralph Lauren (NYSE:RL) had its target price lifted by analysts at The Goldman Sachs Group from $171.00 to $193.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 3.11% from the company’s current price.

A number of other brokerages have also commented on RL. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, October 11th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. TD Cowen increased their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $191.18.

Ralph Lauren Trading Down 2.1 %

NYSE RL opened at $199.19 on Monday. Ralph Lauren has a 52 week low of $109.59 and a 52 week high of $207.06. The business has a 50 day moving average price of $183.66 and a 200-day moving average price of $175.71. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.69 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released 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 firm had revenue of $1.51 billion for 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 business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.34 earnings per share. As a group, equities analysts expect that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RL. Pacer Advisors Inc. raised its stake in Ralph Lauren by 12,493.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after acquiring an additional 994,385 shares during the period. AQR Capital Management LLC raised its position in shares of Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after buying an additional 446,097 shares in the last quarter. Swedbank AB bought a new position in Ralph Lauren in the 1st quarter worth approximately $61,022,000. Finally, Vanguard Group Inc. grew its stake in Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

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.