Ralph Lauren Corporation (NYSE:RL) Receives $445.67 Average PT from Brokerages

Ralph Lauren Corporation (NYSE:RL) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $445.6667.

Several research analysts have recently commented on RL shares. Barclays lifted their price objective on Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 target price on Ralph Lauren in a report on Friday, August 7th. Wall Street Zen lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th.

Ralph Lauren Price Performance

RL stock opened at $388.49 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren has a 52 week low of $283.50 and a 52 week high of $421.60. The firm’s fifty day moving average is $391.58 and its 200 day moving average is $369.52. The firm has a market cap of $23.15 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.46 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. During the same quarter last year, the company earned $3.77 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Research analysts predict that Ralph Lauren will post 18.77 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new stake in Ralph Lauren in the 4th quarter worth $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren during the third quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren during the second quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren during the second quarter worth about $32,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter worth about $35,000. 67.91% of the stock is currently owned by institutional investors.

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.