Ralph Lauren (NYSE:RL) Price Target Raised to $450.00

Ralph Lauren (NYSE:RL) had its target price increased by equities researchers at BTIG Research from $435.00 to $450.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. BTIG Research’s target price suggests a potential upside of 27.48% from the stock’s current price.

Several other research firms also recently commented on RL. Argus lifted their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday, January 8th. UBS Group raised their target price on shares of Ralph Lauren from $477.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a report on Thursday, February 5th. Finally, Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $400.31.

Ralph Lauren Trading Down 5.1%

NYSE:RL opened at $352.99 on Friday. Ralph Lauren has a 12 month low of $246.07 and a 12 month high of $393.41. The firm has a fifty day simple moving average of $357.09 and a 200-day simple moving average of $354.61. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21.37 billion, a P/E ratio of 24.03, a PEG ratio of 1.31 and a beta of 1.37.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm posted $4.82 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Ralph Lauren will post 16.25 earnings per share for the current year.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 38.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Blueline Advisors LLC acquired a new stake in shares of Ralph Lauren in the fourth quarter valued at about $27,000. JPL Wealth Management LLC acquired a new position in Ralph Lauren during the third quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren during the second quarter worth about $28,000. Aventura Private Wealth LLC acquired a new position in Ralph Lauren during the fourth quarter worth about $29,000. Finally, Rothschild Investment LLC boosted its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

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.