Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Ralph Lauren (NYSE:RL) had its price objective lifted by research analysts at Telsey Advisory Group from $350.00 to $365.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 14.83% from the company’s current price.

Several other equities research analysts have also issued reports on the company. TD Cowen lifted their price target on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Barclays decreased their price target on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. UBS Group boosted their target price on shares of Ralph Lauren from $404.00 to $421.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $339.71.

Ralph Lauren Stock Performance

Shares of RL traded up $2.82 on Friday, reaching $317.86. 163,784 shares of the company’s stock traded hands, compared to its average volume of 797,316. The stock’s 50 day simple moving average is $317.71 and its two-hundred day simple moving average is $289.06. The stock has a market cap of $19.25 billion, a PE ratio of 25.40, a PEG ratio of 1.63 and a beta of 1.61. Ralph Lauren has a 52-week low of $176.61 and a 52-week high of $341.90. 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) last released its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $2.54 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in Ralph Lauren in the second quarter worth about $32,000. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren during the first quarter valued at approximately $33,000. Finally, Brooklyn Investment Group grew its stake in shares of Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after buying an additional 110 shares during the last quarter. Hedge funds and other 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.