Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ralph Lauren (NYSE:RL) had its price objective boosted by research analysts at Wells Fargo & Company from $215.00 to $225.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 4.98% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Raymond James upped their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. Two research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Stock Down 2.6 %

Ralph Lauren stock opened at $236.78 on Friday. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The firm’s fifty day moving average price is $224.40 and its two-hundred day moving average price is $195.38. Ralph Lauren has a 1-year low of $134.90 and a 1-year high of $245.92. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 EPS. On average, equities research analysts predict that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently modified their holdings of the company. Huntington National Bank boosted its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. True Wealth Design LLC lifted its position in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd bought a new position in shares of Ralph Lauren in the 3rd quarter worth $58,000. Quent Capital LLC raised its position in shares of Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after buying an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 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.