Ralph Lauren (NYSE:RL) had its price target increased by JPMorgan Chase & Co. from $80.00 to $88.00 in a research report released on Monday, The Fly reports. They currently have a neutral rating on the textile maker’s stock.
A number of other research analysts have also issued reports on the company. Barclays lowered Ralph Lauren from an overweight rating to an equal weight rating and set a $71.00 target price on the stock. in a report on Wednesday, October 7th. Wells Fargo & Company dropped their target price on Ralph Lauren from $100.00 to $90.00 and set an overweight rating on the stock in a report on Monday, July 20th. Telsey Advisory Group boosted their target price on Ralph Lauren from $85.00 to $88.00 and gave the company an outperform rating in a report on Monday. Zacks Investment Research raised Ralph Lauren from a sell rating to a hold rating and set a $75.00 target price on the stock in a report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Ralph Lauren from $75.00 to $79.00 and gave the stock a hold rating in a report on Wednesday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ralph Lauren has an average rating of Hold and a consensus price target of $90.94.
Shares of NYSE RL opened at $70.58 on Monday. The company has a current ratio of 2.59, a quick ratio of 2.07 and a debt-to-equity ratio of 0.64. Ralph Lauren has a twelve month low of $59.82 and a twelve month high of $128.29. The stock has a 50 day moving average of $73.99 and a two-hundred day moving average of $72.60. The stock has a market cap of $5.16 billion, a P/E ratio of 43.57, a P/E/G ratio of 12.98 and a beta of 1.20.
Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, October 29th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.67. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Ralph Lauren had a return on equity of 8.21% and a net margin of 2.67%. The company’s revenue for the quarter was down 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 earnings per share. As a group, research analysts predict that Ralph Lauren will post 1.19 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of RL. First Trust Advisors LP lifted its position in shares of Ralph Lauren by 1,492.2% in the second quarter. First Trust Advisors LP now owns 458,988 shares of the textile maker’s stock valued at $33,286,000 after acquiring an additional 430,160 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ralph Lauren by 5.5% in the second quarter. Goldman Sachs Group Inc. now owns 436,748 shares of the textile maker’s stock valued at $31,673,000 after acquiring an additional 22,581 shares in the last quarter. Swiss National Bank lifted its position in shares of Ralph Lauren by 0.6% in the second quarter. Swiss National Bank now owns 194,135 shares of the textile maker’s stock valued at $14,079,000 after acquiring an additional 1,200 shares in the last quarter. Sei Investments Co. lifted its position in shares of Ralph Lauren by 8.6% in the second quarter. Sei Investments Co. now owns 190,168 shares of the textile maker’s stock valued at $13,825,000 after acquiring an additional 15,113 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Ralph Lauren by 30.8% in the second quarter. American International Group Inc. now owns 176,141 shares of the textile maker’s stock valued at $12,774,000 after acquiring an additional 41,467 shares in the last quarter. Institutional investors own 65.18% of the company’s stock.
About Ralph Lauren
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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