Ralph Lauren (NYSE:RL) Research Coverage Started at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group began coverage on shares of Ralph Lauren (NYSE:RL) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $195.00 price target on the textile maker’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 16.75% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group increased their target price on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, March 4th. UBS Group upped their target price on shares of Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Raymond James boosted their price target on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.92.

Ralph Lauren Stock Performance

RL opened at $167.03 on Tuesday. The company has a 50 day simple moving average of $176.95 and a two-hundred day simple moving average of $149.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The firm has a market cap of $10.68 billion, a P/E ratio of 18.94, a PEG ratio of 0.97 and a beta of 1.53. Ralph Lauren has a 1-year low of $103.17 and a 1-year high of $192.03.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. Ralph Lauren’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.35 EPS. Equities analysts forecast that Ralph Lauren will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after buying an additional 116 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Ralph Lauren during the 3rd quarter valued at about $128,000. Czech National Bank lifted its position in shares of Ralph Lauren by 45.1% in the 3rd quarter. Czech National Bank now owns 7,059 shares of the textile maker’s stock worth $819,000 after purchasing an additional 2,194 shares during the period. Xponance Inc. boosted its stake in shares of Ralph Lauren by 7.2% during the third quarter. Xponance Inc. now owns 8,581 shares of the textile maker’s stock valued at $996,000 after purchasing an additional 580 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Ralph Lauren by 52.8% during the third quarter. Raymond James & Associates now owns 46,554 shares of the textile maker’s stock valued at $5,404,000 after buying an additional 16,083 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.