Ralph Lauren’s (RL) “Buy” Rating Reiterated at BTIG Research

Ralph Lauren (NYSE:RLGet Free Report)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research report issued on Friday,Benzinga reports. They currently have a $450.00 price target on the textile maker’s stock. BTIG Research’s target price suggests a potential upside of 20.04% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company set a $415.00 price objective on shares of Ralph Lauren and gave the stock an “overweight” rating in a research note on Friday. Barclays restated an “overweight” rating and issued a $439.00 target price on shares of Ralph Lauren in a research note on Friday. UBS Group upped their target price on shares of Ralph Lauren from $477.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Telsey Advisory Group restated an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Thursday, February 5th. Finally, Jefferies Financial Group decreased their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $404.94.

Read Our Latest Stock Report on Ralph Lauren

Ralph Lauren Price Performance

RL opened at $374.87 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. Ralph Lauren has a 52-week low of $258.13 and a 52-week high of $393.41. The company has a 50 day moving average of $353.22 and a two-hundred day moving average of $355.10. The company has a market cap of $22.69 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.12 and a beta of 1.37.

Ralph Lauren (NYSE:RLGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts expect that Ralph Lauren will post 16.3 earnings per share for the current year.

Institutional Trading of Ralph Lauren

Several institutional investors have recently added to or reduced their stakes in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ralph Lauren by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after acquiring an additional 174 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Ralph Lauren by 0.9% during the first 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 raised its holdings in shares of Ralph Lauren by 39.5% during the first 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 raised its holdings in shares of Ralph Lauren by 29.5% during the first 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 acquired a new stake in shares of Ralph Lauren during the second quarter worth $386,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Ralph Lauren

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

About Ralph Lauren

(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.

Read More

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.