Deutsche Bank Aktiengesellschaft Initiates Coverage on Ralph Lauren (NYSE:RL)

Deutsche Bank Aktiengesellschaft began coverage on shares of Ralph Lauren (NYSE:RL) in a research note issued on Thursday. The brokerage set a “buy” rating on the textile maker’s stock.

Several other equities analysts also recently commented on the company. Jefferies Financial Group upped their target price on Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, December 12th. UBS Group reaffirmed a “buy” rating and issued a $473.00 price objective on shares of Ralph Lauren in a report on Thursday. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Guggenheim began coverage on shares of Ralph Lauren in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Needham & Company LLC raised their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $370.53.

Ralph Lauren Stock Performance

RL stock traded up $4.99 during midday trading on Thursday, reaching $365.93. 59,313 shares of the company were exchanged, compared to its average volume of 436,683. Ralph Lauren has a one year low of $176.61 and a one year high of $380.00. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.77 and a beta of 1.49. The business has a 50-day moving average price of $350.13 and a two-hundred day moving average price of $319.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $2.54 EPS. Ralph Lauren’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aventura Private Wealth LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $29,000. JPL Wealth Management LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at about $27,000. Hantz Financial Services Inc. raised its stake in 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 buying an additional 86 shares during the period. Rothschild Investment LLC raised its position in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the 2nd quarter worth $28,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.