Ralph Lauren (NYSE:RL) had its target price hoisted by research analysts at Buckingham Research from $138.00 to $140.00 in a research report issued on Wednesday, October 17th. The brokerage presently has a “neutral” rating on the textile maker’s stock. Buckingham Research’s price target would indicate a potential upside of 12.97% from the stock’s previous close.
RL has been the subject of a number of other research reports. Piper Jaffray Companies raised shares of Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 price objective for the company in a report on Thursday, September 20th. Royal Bank of Canada set a $140.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Wednesday, June 27th. Bank of America boosted their target price on shares of Ralph Lauren from $113.00 to $117.00 and gave the stock a “sell” rating in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Ralph Lauren from a “neutral” rating to an “overweight” rating and set a $150.00 target price for the company in a research note on Monday, October 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $137.38.
Shares of Ralph Lauren stock traded down $8.28 during trading on Wednesday, hitting $123.93. 2,079,444 shares of the company’s stock were exchanged, compared to its average volume of 1,612,637. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 1.70. Ralph Lauren has a 52-week low of $85.91 and a 52-week high of $147.79. The stock has a market cap of $10.34 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.68.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $1.99 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Ralph Lauren will post 6.78 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in Ralph Lauren during the 2nd quarter worth approximately $150,000. Financial Architects Inc increased its position in shares of Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock valued at $158,000 after purchasing an additional 1,042 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $203,000. Cadence Capital Management LLC purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $203,000. Finally, Lourd Capital LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $205,000. 69.95% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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