Ralph Lauren Corporation (NYSE:RL) Price Target Raised to $87.00

Ralph Lauren Corporation (NYSE:RL) had its price target increased by investment analysts at Barclays PLC from $84.00 to $87.00 in a research report issued on Monday, November 6th. The brokerage presently has an “underweight” rating on the textile maker’s stock. Barclays PLC’s price target would indicate a potential downside of 4.83% from the stock’s previous close.

Several other equities research analysts also recently commented on RL. Citigroup Inc. upped their target price on Ralph Lauren from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Morgan Stanley upped their price target on Ralph Lauren from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Cowen Inc set a $97.00 price target on Ralph Lauren and gave the company a “hold” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $81.00 price target on Ralph Lauren and gave the company a “sell” rating in a research report on Thursday, October 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren in a research report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.66.

Ralph Lauren (RL) opened at $91.42 on Monday. Ralph Lauren has a 52 week low of $66.06 and a 52 week high of $113.06. The stock has a market capitalization of $7,390.00, a price-to-earnings ratio of 15.72, a PEG ratio of 1.10 and a beta of 0.63. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 earnings per share. research analysts expect that Ralph Lauren will post 5.56 EPS for the current year.

In other news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.93% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Ralph Lauren by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after acquiring an additional 96 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Ralph Lauren by 12.0% in the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after acquiring an additional 238 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Ralph Lauren during the third quarter worth approximately $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Ralph Lauren during the third quarter worth approximately $209,000. Finally, Exane Derivatives acquired a new position in Ralph Lauren during the second quarter worth approximately $175,000. Institutional investors own 67.33% of the company’s stock.

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Ralph Lauren Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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