Ralph Lauren (NYSE:RL) Price Target Raised to $235.00

Ralph Lauren (NYSE:RL) had its price objective boosted by equities researchers at Raymond James from $215.00 to $235.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the textile maker’s stock. Raymond James’ price objective suggests a potential upside of 5.58% from the stock’s current price.

RL has been the topic of a number of other research reports. Wells Fargo & Company upped their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Performance

Shares of RL opened at $222.58 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 12 month low of $113.92 and a 12 month high of $237.16. The firm has a fifty day simple moving average of $192.92 and a 200 day simple moving average of $179.33. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $2.10 EPS. Ralph Lauren’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts forecast that Ralph Lauren will post 11.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Family Firm Inc. bought a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP acquired a new position in Ralph Lauren during the second quarter valued at approximately $31,000. Huntington National Bank lifted its stake in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares in the last quarter. Finally, AM Squared Ltd bought a new position in shares of Ralph Lauren in the 3rd quarter valued at $58,000. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.