Ralph Lauren Co. (NYSE:RL) Receives Average Rating of “Moderate Buy” from Analysts

Ralph Lauren Co. (NYSE:RL) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $184.80.

Several analysts have recently issued reports on the company. Barclays upped their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Guggenheim restated a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Ralph Lauren in a research note on Wednesday, August 7th.

Ralph Lauren Stock Performance

NYSE:RL opened at $178.64 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $11.06 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49. The firm has a 50-day moving average price of $169.85 and a two-hundred day moving average price of $173.28. Ralph Lauren has a twelve month low of $108.60 and a twelve month high of $192.03.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $2.34 EPS. The company’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts expect that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of RL. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter valued at $30,000. Gladius Capital Management LP purchased a new position in Ralph Lauren in the second quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren during the first quarter worth about $42,000. Versant Capital Management Inc boosted its position in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren in the first quarter valued at about $63,000. 67.91% of the stock is owned by institutional investors and hedge funds.

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.