UBS Group Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its target price increased by stock analysts at UBS Group from $287.00 to $300.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s target price would suggest a potential upside of 34.78% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen increased their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Price 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. The firm has a market cap 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 has a 52 week low of $113.92 and a 52 week high of $237.16. The stock has a 50 day moving average of $192.92 and a 200-day moving average of $179.33.

Ralph Lauren (NYSE:RL) last released its earnings results 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 net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren will post 11.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Trustmark National Bank Trust Department boosted its stake in Ralph Lauren by 8.6% during the 3rd quarter. Trustmark National Bank Trust Department now owns 14,397 shares of the textile maker’s stock valued at $2,791,000 after purchasing an additional 1,142 shares in the last quarter. Cypress Capital Group lifted its holdings in shares of Ralph Lauren by 83.6% in the third quarter. Cypress Capital Group now owns 6,653 shares of the textile maker’s stock valued at $1,290,000 after buying an additional 3,029 shares during the period. Landscape Capital Management L.L.C. boosted its stake in Ralph Lauren by 95.2% during the third quarter. Landscape Capital Management L.L.C. now owns 33,133 shares of the textile maker’s stock valued at $6,423,000 after buying an additional 16,163 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Ralph Lauren by 4.8% during the third quarter. King Luther Capital Management Corp now owns 154,665 shares of the textile maker’s stock worth $29,985,000 after acquiring an additional 7,134 shares during the period. Finally, Jennison Associates LLC raised its position in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after acquiring an additional 60,610 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

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.