Ralph Lauren (NYSE:RL) Price Target Raised to $450.00 at Needham & Company LLC

Ralph Lauren (NYSE:RLGet Free Report) had its target price boosted by equities research analysts at Needham & Company LLC from $405.00 to $450.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 12.63% from the company’s previous close.

RL has been the subject of a number of other reports. UBS Group upped their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. BTIG Research restated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Wells Fargo & Company upped their target price on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Barclays raised their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.21.

Check Out Our Latest Report on Ralph Lauren

Ralph Lauren Trading Up 4.9%

Shares of NYSE RL traded up $18.77 during midday trading on Thursday, hitting $399.55. The stock had a trading volume of 850,315 shares, compared to its average volume of 649,963. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren has a 1-year low of $273.04 and a 1-year high of $421.60. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.88 and a beta of 1.35. The company has a fifty day moving average price of $387.42 and a 200 day moving average price of $367.96.

Ralph Lauren (NYSE:RLGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.27 by $0.32. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $3.77 earnings per share. Ralph Lauren’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts predict that Ralph Lauren will post 18.33 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds have recently bought and sold shares of the business. Summit Global Investments boosted its holdings in Ralph Lauren by 2.0% during the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock worth $519,000 after buying an additional 29 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after acquiring an additional 31 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Ralph Lauren by 14.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock valued at $90,000 after acquiring an additional 31 shares during the period. Polymer Capital Management US LLC raised its position in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after acquiring an additional 34 shares during the period. Finally, Vident Advisory LLC boosted its stake in Ralph Lauren by 3.0% during the 4th quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock worth $445,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Key Headlines Impacting Ralph Lauren

Here are the key news stories impacting Ralph Lauren this week:

  • Positive Sentiment: Quarterly earnings beat estimates: Ralph Lauren reported adjusted earnings of $4.59 per share, above the $4.27 consensus estimate and up from $3.77 a year earlier. Revenue rose 13.9% year over year to $1.96 billion, exceeding expectations of approximately $1.87 billion. Ralph Lauren quarterly earnings report
  • Positive Sentiment: Demand remained resilient: Reports attributed the strong performance to demand from affluent shoppers, supporting investor confidence in Ralph Lauren’s premium-brand positioning. The company also reportedly raised its outlook on strong demand. Ralph Lauren beats quarterly results estimates
  • Positive Sentiment: Supportive analyst sentiment added momentum: Nine analysts have issued price targets during the past six months, with a median target of $440. Recent targets ranged as high as $511, while BTIG previously assigned the stock a Buy rating. Ralph Lauren shares climb as earnings-day optimism meets supportive analyst sentiment
  • Neutral Sentiment: Institutional positioning was mixed: In the latest quarter, 371 institutional investors added RL shares while 385 reduced their positions, indicating continued interest but no clear consensus among large investors.
  • Negative Sentiment: Insider selling remains a risk signal: Company insiders reported 17 open-market sales and no purchases over the past six months, including substantial sales by CEO Patrice Louvet. These transactions may temper enthusiasm, although they do not necessarily reflect expectations for operating performance.

Ralph Lauren Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.