Barclays Increases Ralph Lauren (NYSE:RL) Price Target to $257.00

Ralph Lauren (NYSE:RL) had its target price increased by investment analysts at Barclays from $200.00 to $257.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective suggests a potential upside of 15.46% from the company’s previous close.

Several other brokerages also recently issued reports on RL. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Raymond James boosted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Guggenheim upped their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Trading Up 0.4 %

Shares of NYSE:RL opened at $222.58 on Friday. 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 business’s 50 day moving average price is $192.92 and its 200-day moving average price is $179.33. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49. Ralph Lauren has a 1 year low of $113.92 and a 1 year high of $237.16.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 EPS. On average, equities research analysts forecast that Ralph Lauren will post 11.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the 2nd quarter valued at approximately $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren in the second quarter valued at about $31,000. Versant Capital Management Inc raised its stake in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the period. Huntington National Bank increased its stake in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the period. Finally, AM Squared Ltd acquired a new position in Ralph Lauren during the 3rd quarter valued at about $58,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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.