Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, UBS Group Analyst Says

Ralph Lauren (NYSE:RL) had its price objective raised by stock analysts at UBS Group from $300.00 to $335.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective suggests a potential upside of 24.79% from the stock’s previous close.

A number of other analysts have also commented on the stock. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Guggenheim boosted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group boosted their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $273.71.

Ralph Lauren Stock Performance

Shares of RL stock opened at $268.46 on Tuesday. The firm has a market capitalization of $16.58 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The firm has a fifty day simple moving average of $220.60 and a two-hundred day simple moving average of $232.00. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 12 month low of $155.96 and a 12 month high of $289.33.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently made changes to their positions in RL. Invesco Ltd. boosted its holdings in shares of Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after buying an additional 289,924 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ralph Lauren by 24,164.5% in the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock worth $56,132,000 after buying an additional 253,244 shares during the last quarter. FMR LLC boosted its holdings in shares of Ralph Lauren by 16.9% in the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock worth $326,946,000 after buying an additional 205,121 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Ralph Lauren in the 1st quarter worth about $37,517,000. Finally, Jump Financial LLC boosted its holdings in shares of Ralph Lauren by 8,741.2% in the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after buying an additional 122,202 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

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; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.