Ralph Lauren (NYSE:RL – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Other analysts have also issued reports about the stock. The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $262.00 to $324.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. Barclays reiterated an “overweight” rating and issued a $360.00 price objective (up from $321.00) on shares of Ralph Lauren in a research note on Friday, August 8th. Wells Fargo & Company raised their target price on Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Citigroup boosted their price target on Ralph Lauren from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $308.76.
Get Ralph Lauren alerts:
View Our Latest Report on RL
Ralph Lauren Price Performance
Shares of RL stock opened at $315.23 on Friday. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $321.77. The company has a market capitalization of $19.09 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.59 and a beta of 1.60. The stock has a 50 day moving average of $296.18 and a two-hundred day moving average of $262.06. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.
Ralph Lauren (NYSE:RL – Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping the consensus estimate of $3.50 by $0.27. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.Ralph Lauren’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $2.70 earnings per share. As a group, equities analysts expect that Ralph Lauren will post 12.01 EPS for the current year.
Ralph Lauren announced that its board has approved a share repurchase program on Thursday, May 22nd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ralph Lauren by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock valued at $277,818,000 after acquiring an additional 15,785 shares during the period. JPMorgan Chase & Co. boosted its stake in Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after acquiring an additional 117,494 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its holdings in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. 67.91% of the stock is currently owned by institutional investors.
About Ralph Lauren
(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.
Read More
Five stocks we like better than Ralph Lauren
Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
Best Bang For Your Buck? 2 Bargain Stocks with 30%+ Upside
NYSE Stocks Give Investors a Variety of Quality Options
Football Season Is Here and DraftKings Stock Is Surging
3 Fintech Stocks With Good 2021 Prospects
RH Stock Slides After Mixed Earnings and Tariff Concerns