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

Ralph Lauren (NYSE:RL) had its price target boosted by research analysts at Barclays from $352.00 to $358.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target would indicate a potential upside of 10.16% from the stock’s current price.

Several other research firms also recently commented on RL. Evercore ISI lifted their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $347.13.

Ralph Lauren Trading Up 3.2%

Shares of NYSE:RL opened at $324.98 on Friday. The company has a market capitalization of $19.69 billion, a PE ratio of 25.96, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $318.27 and its 200-day simple moving average is $290.46. Ralph Lauren has a 12-month low of $176.61 and a 12-month high of $341.90.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. As a group, equities research analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC raised its stake in Ralph Lauren by 8,937.8% in the second 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. AQR Capital Management LLC raised its stake in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Ralph Lauren during the third quarter worth $86,719,000. Invesco Ltd. increased its stake in shares of Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after acquiring an additional 275,391 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Ralph Lauren by 118.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after buying an additional 210,343 shares in the last quarter. Hedge funds and other institutional investors own 67.91% 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; 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.