Ralph Lauren (NYSE:RL) Given New $430.00 Price Target at Barclays

Ralph Lauren (NYSE:RL) had its target price raised by stock analysts at Barclays from $416.00 to $430.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target points to a potential upside of 26.30% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Weiss Ratings raised Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. Citigroup lifted their price target on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. BTIG Research boosted their price objective on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, UBS Group reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.06.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock traded down $12.95 on Friday, reaching $340.47. The stock had a trading volume of 85,381 shares, compared to its average volume of 622,994. The business’s 50 day moving average is $361.91 and its two-hundred day moving average is $340.06. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $389.15. The company has a market cap of $20.61 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm posted $4.82 EPS. Ralph Lauren’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts anticipate that Ralph Lauren will post 12.01 EPS for the current year.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 38.34% of the company’s stock.

Institutional Trading of Ralph Lauren

Several hedge funds and other institutional investors have recently bought and sold shares of RL. Invesco Ltd. boosted its position in Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares in the last quarter. Geode Capital Management LLC grew its stake in Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock worth $370,852,000 after purchasing an additional 54,686 shares during the period. JPMorgan Chase & Co. raised its holdings in Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after purchasing an additional 117,494 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after buying an additional 98,511 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.