Guggenheim Boosts Ralph Lauren (NYSE:RL) Price Target to $285.00

Ralph Lauren (NYSE:RL) had its price objective upped by research analysts at Guggenheim from $260.00 to $285.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Guggenheim’s price target suggests a potential upside of 10.32% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Barclays increased their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a 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. Argus raised 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. Finally, Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.91.

Ralph Lauren Trading Up 0.6 %

RL stock opened at $258.34 on Wednesday. Ralph Lauren has a 12 month low of $142.26 and a 12 month high of $260.77. The firm’s 50-day moving average is $234.96 and its 200 day moving average is $202.24. The company has a market capitalization of $16.04 billion, a PE ratio of 24.63, a P/E/G ratio of 1.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Ralph Lauren will post 11.75 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its stake in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. True Wealth Design LLC raised its stake in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd purchased a new position in Ralph Lauren in the 3rd quarter worth $58,000. Quent Capital LLC lifted its position in Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc grew its stake in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.