Ralph Lauren (NYSE:RL) Stock Rating Upgraded by Wall Street Zen

Ralph Lauren (NYSE:RL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

RL has been the subject of a number of other reports. Needham & Company LLC raised their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Evercore reiterated an “outperform” rating and set a $460.00 price objective on shares of Ralph Lauren in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Citigroup increased their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Trading Down 0.5%

Shares of RL stock opened at $370.88 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35. Ralph Lauren has a 12-month low of $286.11 and a 12-month high of $421.60. The stock’s 50-day moving average price is $389.54 and its 200-day moving average price is $370.36.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $3.77 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Equities research analysts predict that Ralph Lauren will post 18.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of large investors have recently made changes to their positions in RL. California State Teachers Retirement System grew its holdings in shares of Ralph Lauren by 38,897.9% in the second quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker’s stock worth $7,058,460,000 after purchasing an additional 17,539,076 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after buying an additional 245,242 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.