Jefferies Financial Group Increases Ralph Lauren (NYSE:RL) Price Target to $285.00

Ralph Lauren (NYSE:RL) had its target price upped by stock analysts at Jefferies Financial Group from $280.00 to $285.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 11.03% from the stock’s previous close.

Several other research analysts have also weighed in on RL. Barclays increased their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. TD Cowen increased their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their target price on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Tuesday, December 31st. Finally, The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.91.

Ralph Lauren Stock Down 0.3 %

Shares of NYSE RL opened at $256.68 on Tuesday. The company has a market capitalization of $15.94 billion, a P/E ratio of 24.47, 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. The company has a 50 day simple moving average of $233.93 and a 200-day simple moving average of $201.85. Ralph Lauren has a 1 year low of $142.26 and a 1 year high of $260.77.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The company 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 29.44% and a net margin of 10.15%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. On average, equities research analysts predict that Ralph Lauren will post 11.75 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the company. Mather Group LLC. increased its stake in Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares during the last quarter. M&T Bank Corp grew its position in shares of Ralph Lauren by 3.4% in the 3rd 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 during the last quarter. Simmons Bank raised its stake in Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares in the last quarter. Commerce Bank lifted its position in Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Ralph Lauren by 11.3% in the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 68 shares in the last quarter. 67.91% of the stock is 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.