Jefferies Financial Group Lowers Ralph Lauren (NYSE:RL) Price Target to $410.00

Ralph Lauren (NYSE:RLGet Free Report) had its price target decreased by investment analysts at Jefferies Financial Group from $425.00 to $410.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Jefferies Financial Group’s price objective points to a potential upside of 19.38% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a report on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating and set a $360.00 target price (up from $333.00) on shares of Ralph Lauren in a report on Friday. BTIG Research lifted their price objective on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Argus lifted their price objective on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Fifteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $383.59.

Get Our Latest Stock Analysis on Ralph Lauren

Ralph Lauren Trading Up 1.4%

Ralph Lauren stock traded up $4.77 during trading on Friday, hitting $343.43. The company’s stock had a trading volume of 608,677 shares, compared to its average volume of 599,535. Ralph Lauren has a 1-year low of $176.61 and a 1-year high of $380.00. The stock’s fifty day moving average is $361.37 and its 200 day moving average is $330.43. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04.

Ralph Lauren (NYSE:RLGet Free Report) last issued its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.82 earnings per share. As a group, equities research analysts predict that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position 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 last quarter. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the 2nd quarter worth about $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $29,000. Finally, Rothschild Investment LLC raised its holdings in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

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About Ralph Lauren

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Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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