Ralph Lauren (NYSE:RL) Stock Picked Up by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Ralph Lauren (NYSE:RL – Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $426.00 price target on the textile maker’s stock. Cantor Fitzgerald‘s target price would suggest a potential upside of 6.70% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Citigroup boosted their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. BTIG Research upped their price target on shares of Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.20.

Read Our Latest Analysis on RL

Ralph Lauren Trading Up 6.0%

Shares of NYSE:RL opened at $399.27 on Tuesday. The business’s 50 day moving average price is $364.87 and its 200-day moving average price is $367.90. Ralph Lauren has a 1 year low of $317.23 and a 1 year high of $421.60. The firm has a market capitalization of $23.79 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42.

Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, topping the consensus estimate of $4.26 by $0.38. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.79 EPS. On average, equities research analysts forecast that Ralph Lauren will post 19.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new stake in Ralph Lauren during the 2nd quarter worth $41,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Ralph Lauren by 154.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after buying an additional 79 shares during the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Ralph Lauren in the third quarter valued at about $58,000. Parkside Financial Bank & Trust raised its position in shares of Ralph Lauren by 27.0% in the second quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock valued at $72,000 after buying an additional 38 shares during the last quarter. Finally, Wealth Enhancement Trust Services Inc. lifted its stake in shares of Ralph Lauren by 5,000.0% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 255 shares of the textile maker’s stock worth $91,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

About Ralph Lauren

(Get Free Report)

Ralph Lauren Corporation is a global designer, marketer and distributor of premium lifestyle products. Founded by Ralph Lauren in 1967 with a collection of men’s ties, the company has grown into a fashion and lifestyle business built around its namesake brand and Polo Ralph Lauren.

Its products include apparel, footwear, accessories, fragrances and home furnishings. The company sells through department stores and other wholesale partners, as well as its own retail stores and e-commerce channels, and also licenses its brands for selected products and services.

Ralph Lauren serves customers in North America, Europe and Asia, among other markets.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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