Stock analysts at Barclays began coverage on shares of Ralph Lauren (NYSE:RL) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $130.00 price target on the textile maker’s stock. Barclays‘s target price would suggest a potential upside of 15.44% from the company’s previous close.
RL has been the topic of several other reports. Goldman Sachs Group reiterated a “sell” rating on shares of Ralph Lauren in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut Ralph Lauren from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada set a $128.00 target price on Ralph Lauren and gave the company a “buy” rating in a report on Wednesday, July 31st. Piper Jaffray Companies upped their target price on Ralph Lauren from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Bank of America reduced their target price on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $127.50.
RL stock traded up $1.22 during trading on Tuesday, hitting $112.61. The company had a trading volume of 656,266 shares, compared to its average volume of 1,287,283. The business has a 50-day moving average of $97.82 and a 200-day moving average of $104.11. Ralph Lauren has a one year low of $82.69 and a one year high of $133.63. The stock has a market cap of $8.55 billion, a PE ratio of 15.66, a PEG ratio of 2.84 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.16. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the business posted $2.26 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Research analysts forecast that Ralph Lauren will post 7.69 EPS for the current year.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $111.62, for a total transaction of $7,972,793.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jane Nielsen sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $113.84, for a total value of $1,138,400.00. Following the transaction, the chief financial officer now owns 65,308 shares in the company, valued at $7,434,662.72. The disclosure for this sale can be found here. Insiders have sold a total of 402,854 shares of company stock worth $39,756,662 over the last 90 days. Company insiders own 34.26% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RL. Pensionfund DSM Netherlands bought a new position in shares of Ralph Lauren in the 2nd quarter worth $2,272,000. Pensionfund Sabic bought a new position in shares of Ralph Lauren in the 2nd quarter worth $1,477,000. WINTON GROUP Ltd bought a new position in shares of Ralph Lauren in the 2nd quarter worth $433,000. Empowered Funds LLC bought a new position in shares of Ralph Lauren in the 2nd quarter worth $2,194,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Ralph Lauren by 28.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,581 shares of the textile maker’s stock worth $407,000 after purchasing an additional 803 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.
Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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