Ralph Lauren (NYSE:RL – Get Free Report) had its price objective boosted by analysts at Telsey Advisory Group from $335.00 to $350.00 in a report released on Wednesday, Marketbeat reports. The firm presently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 11.43% from the stock’s current price.
RL has been the subject of a number of other reports. Citigroup raised their price objective on shares of Ralph Lauren from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Finally, BMO Capital Markets raised their target price on shares of Ralph Lauren from $197.00 to $205.00 and gave the stock an “underperform” rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $311.41.
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Ralph Lauren Trading Up 2.6%
Shares of RL opened at $314.09 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $298.18 and a 200-day simple moving average of $263.39. Ralph Lauren has a 1-year low of $176.61 and a 1-year high of $321.77. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 1.60.
Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company posted $2.70 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.
Ralph Lauren announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the textile maker to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Ralph Lauren
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC increased its stake in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the period. AQR Capital Management LLC increased its stake in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after buying an additional 414,275 shares during the period. Invesco Ltd. increased its stake in Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after buying an additional 275,391 shares during the period. GAMMA Investing LLC increased its stake in Ralph Lauren by 24,164.5% during the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock worth $56,132,000 after buying an additional 253,244 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Ralph Lauren by 118.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after buying an additional 210,343 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.
Ralph Lauren Company Profile
(Get Free Report)
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.
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