Jefferies Financial Group Reiterates “Buy” Rating for Ralph Lauren (NYSE:RL)

Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Wednesday,Benzinga reports. They currently have a $425.00 price objective on the textile maker’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.88% from the company’s previous close.

Several other brokerages also recently commented on RL. Guggenheim initiated coverage on Ralph Lauren in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Barclays restated an “overweight” rating and set a $409.00 price objective on shares of Ralph Lauren in a research note on Tuesday, January 6th. TD Cowen upped their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.75.

Ralph Lauren Stock Performance

Shares of RL stock opened at $366.77 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $354.09 and a two-hundred day simple moving average of $322.07. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $380.00. The firm has a market capitalization of $22.24 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company earned $2.54 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares during the period. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren in the 2nd quarter valued at about $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren during the fourth quarter valued at about $29,000. Finally, Rothschild Investment LLC boosted its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the period. 67.91% of the stock is owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.