Ralph Lauren (NYSE:RL) Upgraded at StockNews.com

Ralph Lauren (NYSE:RL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other brokerages also recently commented on RL. Guggenheim raised their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Raymond James raised their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays raised their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Ralph Lauren stock traded down $0.53 during mid-day trading on Monday, reaching $207.85. The company’s stock had a trading volume of 635,917 shares, compared to its average volume of 859,827. Ralph Lauren has a 12-month low of $120.95 and a 12-month high of $237.16. The company has a market capitalization of $12.87 billion, a P/E ratio of 19.81, a PEG ratio of 1.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The firm’s fifty day moving average price is $197.41 and its two-hundred day moving average price is $181.30.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $2.10 EPS. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky increased its position in shares of Ralph Lauren by 5.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 126,505 shares of the textile maker’s stock valued at $24,526,000 after acquiring an additional 6,274 shares during the period. Geode Capital Management LLC increased its position in shares of Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares during the period. M&T Bank Corp increased its position in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after acquiring an additional 55 shares during the period. National Bank of Canada FI increased its position in shares of Ralph Lauren by 53.3% in the third quarter. National Bank of Canada FI now owns 20,325 shares of the textile maker’s stock valued at $3,940,000 after acquiring an additional 7,067 shares during the period. Finally, iA Global Asset Management Inc. increased its position in shares of Ralph Lauren by 19.4% in the third quarter. iA Global Asset Management Inc. now owns 11,520 shares of the textile maker’s stock valued at $2,233,000 after acquiring an additional 1,873 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.