Ralph Lauren (NYSE:RL) Price Target Raised to $415.00

Ralph Lauren (NYSE:RL) had its target price hoisted by equities research analysts at Evercore ISI from $385.00 to $415.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price objective indicates a potential upside of 17.39% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday, January 8th. BTIG Research began coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target on the stock. Barclays reaffirmed an “overweight” rating and set a $409.00 price objective on shares of Ralph Lauren in a report on Tuesday, January 6th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Finally, Argus increased their price target on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $377.71.

Ralph Lauren Price Performance

NYSE RL opened at $353.52 on Monday. The stock’s 50-day moving average is $362.41 and its two-hundred day moving average is $329.25. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $380.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. The firm has a market cap of $21.44 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $2.54 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in 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 worth $264,225,000 after buying an additional 952,681 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Ralph Lauren during the 3rd quarter worth $86,719,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $74,841,000. Allianz Asset Management GmbH increased its holdings in shares of Ralph Lauren by 118.3% during the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after buying an additional 210,343 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Ralph Lauren by 137.1% in the 3rd quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker’s stock valued at $113,516,000 after buying an additional 209,330 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

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.