Ralph Lauren (NYSE:RL) Given New $400.00 Price Target at Argus

Ralph Lauren (NYSE:RL) had its price target increased by equities research analysts at Argus from $360.00 to $400.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Argus’ price target would suggest a potential upside of 10.21% from the stock’s current price.

RL has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a research report on Thursday, January 8th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. TD Cowen increased their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Evercore ISI raised their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.29.

Ralph Lauren Price Performance

NYSE RL opened at $362.93 on Thursday. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $380.00. The firm has a market capitalization of $22.01 billion, a P/E ratio of 26.82, a PEG ratio of 1.66 and a beta of 1.49. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $354.99 and a 200-day moving average price of $322.36.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. Equities research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors have recently added to or reduced their stakes in RL. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of Ralph Lauren by 0.3% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after acquiring an additional 32 shares in the last quarter. Wedmont Private Capital increased its position in Ralph Lauren by 3.1% in the third quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock worth $362,000 after purchasing an additional 34 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Ralph Lauren by 0.4% during the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after purchasing an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Ralph Lauren by 23.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC lifted its position in Ralph Lauren by 1.1% during the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.