Ralph Lauren (NYSE:RL – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They currently have a $400.00 price target on the textile maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 22.54% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Evercore set a $420.00 target price on Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. BTIG Research boosted their target price on Ralph Lauren from $435.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Finally, UBS Group increased their price target on shares of Ralph Lauren from $477.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $403.44.
Read Our Latest Stock Analysis on RL
Ralph Lauren Stock Down 0.1%
Hedge Funds Weigh In On Ralph Lauren
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ralph Lauren by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after buying an additional 174 shares during the period. Empowered Funds LLC lifted its stake in shares of Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after purchasing an additional 114 shares during the period. Woodline Partners LP lifted its stake in shares of Ralph Lauren by 39.5% in the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after purchasing an additional 954 shares during the period. Focus Partners Wealth lifted its stake in shares of Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after purchasing an additional 869 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Ralph Lauren in the 2nd quarter worth approximately $386,000. 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.
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