StockNews.com Upgrades Ralph Lauren (NYSE:RL) to Buy

Ralph Lauren (NYSE:RL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research firms have also weighed in on RL. Wells Fargo & Company increased 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. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. UBS Group boosted their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a 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. Finally, TD Cowen boosted their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Trading Down 1.1 %

RL stock opened at $205.53 on Monday. The business has a fifty day moving average of $198.06 and a 200-day moving average of $181.58. The company has a market cap of $12.76 billion, a P/E ratio of 19.59, a PEG ratio of 1.60 and a beta of 1.49. Ralph Lauren has a twelve month low of $120.95 and a twelve month high of $237.16. 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 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. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted $2.10 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Ralph Lauren will post 11.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RL. M&T Bank Corp grew its stake in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after buying an additional 55 shares in the last quarter. Simmons Bank grew its position in shares of Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after acquiring an additional 62 shares during the period. Commerce Bank increased its stake in shares of Ralph Lauren by 1.2% during the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after purchasing an additional 66 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares during the period. Finally, Oak Thistle LLC lifted its stake in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

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.