TD Cowen Increases Ralph Lauren (NYSE:RL) Price Target to $268.00

Ralph Lauren (NYSE:RL) had its price objective lifted by analysts at TD Cowen from $258.00 to $268.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. TD Cowen’s price objective indicates a potential upside of 7.50% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Barclays upped 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. Guggenheim lifted their price objective on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.73.

Ralph Lauren Stock Up 1.0 %

RL opened at $249.31 on Tuesday. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.86 and a beta of 1.49. The firm has a 50 day moving average price of $237.24 and a 200-day moving average price of $204.67. Ralph Lauren has a twelve month low of $146.00 and a twelve month high of $260.77. The company has a quick ratio of 1.18, a current ratio of 1.72 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, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. Equities research analysts forecast that Ralph Lauren will post 11.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after acquiring an additional 137,631 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after purchasing an additional 30,694 shares during the last quarter. Holocene Advisors LP raised its holdings in Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after buying an additional 78,008 shares during the period. Jennison Associates LLC lifted its position in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after buying an additional 60,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after buying an additional 13,640 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other 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.