Ralph Lauren Corporation (NYSE:RL) Receives $445.67 Average PT from Brokerages

Ralph Lauren Corporation (NYSE:RL) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $445.6667.

A number of research firms have recently issued reports on RL. Wall Street Zen lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday. Telsey Advisory Group boosted their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Raymond James Financial reiterated an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, Citigroup lifted their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Ralph Lauren Stock Performance

Shares of RL stock opened at $346.98 on Friday. Ralph Lauren has a 1-year low of $299.98 and a 1-year high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.32 and a beta of 1.34. The stock’s fifty day simple moving average is $376.66 and its 200-day simple moving average is $369.62.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $3.77 earnings per share. Ralph Lauren’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that Ralph Lauren will post 18.79 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its position in Ralph Lauren by 38,897.9% in the 2nd quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker’s stock worth $7,058,460,000 after purchasing an additional 17,539,076 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after buying an additional 275,263 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ralph Lauren by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after buying an additional 54,686 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Ralph Lauren by 11.7% in the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after buying an additional 98,511 shares during the last quarter. Institutional investors and hedge funds 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.