Barclays Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its price target boosted by Barclays from $257.00 to $310.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 15.13% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group upped their price target on Ralph Lauren from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. TD Cowen upped their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.55.

Ralph Lauren Trading Down 1.4 %

Shares of NYSE RL opened at $269.27 on Thursday. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The business has a fifty day moving average price of $239.00 and a 200 day moving average price of $205.85. The stock has a market capitalization of $16.72 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Equities research analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in Ralph Lauren by 13.0% during the fourth quarter. HighTower Advisors LLC now owns 2,817 shares of the textile maker’s stock valued at $651,000 after purchasing an additional 325 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of Ralph Lauren during the 4th quarter valued at about $3,014,000. Daiwa Securities Group Inc. boosted its stake in shares of Ralph Lauren by 16.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,159 shares of the textile maker’s stock worth $499,000 after buying an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ralph Lauren by 17.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,286 shares of the textile maker’s stock worth $2,376,000 after acquiring an additional 1,495 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Ralph Lauren during the fourth quarter valued at approximately $6,872,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.