Ralph Lauren (NYSE:RL) Price Target Raised to $335.00 at UBS Group

Ralph Lauren (NYSE:RL) had its target price increased by equities researchers at UBS Group from $315.00 to $335.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective indicates a potential upside of 34.79% from the stock’s current price.

RL has been the topic of a number of other research reports. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their price objective on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Finally, Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $231.27.

Ralph Lauren Trading Down 2.9 %

RL stock traded down $7.47 during midday trading on Monday, reaching $248.54. The company’s stock had a trading volume of 158,739 shares, compared to its average volume of 647,617. 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 stock has a fifty day simple moving average of $231.00 and a two-hundred day simple moving average of $200.48. Ralph Lauren has a 1 year low of $142.26 and a 1 year high of $257.41. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.85 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. On average, equities research analysts predict that Ralph Lauren will post 11.75 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Huntington National Bank raised its stake in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC raised its stake in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in Ralph Lauren in the 3rd quarter valued at $58,000. Quent Capital LLC raised its stake in Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. 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.