Ralph Lauren Corporation (NYSE:RL) Receives $445.67 Consensus PT from Brokerages

Ralph Lauren Corporation (NYSE:RL) has earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $445.6667.

RL has been the subject of several analyst reports. BTIG Research upped their price objective on Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Telsey Advisory Group boosted their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. UBS Group upped their price target on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research report on Friday, August 7th.

Ralph Lauren Stock Performance

RL opened at $338.72 on Friday. The company’s 50 day moving average is $373.00 and its 200 day moving average is $368.78. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.27 and a beta of 1.34. Ralph Lauren has a 12-month low of $299.98 and a 12-month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.77 earnings per share. On average, equities research analysts predict that Ralph Lauren will post 18.79 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. California State Teachers Retirement System boosted its position in shares of Ralph Lauren by 38,897.9% in the second quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker’s stock worth $7,058,460,000 after purchasing an additional 17,539,076 shares during the period. Invesco Ltd. raised its position in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after purchasing an additional 275,263 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ralph Lauren by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after buying an additional 54,686 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Ralph Lauren by 8,937.8% during the 2nd 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. Finally, Qube Research & Technologies Ltd boosted its holdings in Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after buying an additional 98,511 shares during the period. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.