Ralph Lauren (NYSE:RL) Given New $342.00 Price Target at JPMorgan Chase & Co.

Ralph Lauren (NYSE:RL) had its price target upped by equities researchers at JPMorgan Chase & Co. from $285.00 to $342.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 23.06% from the company’s current price.

RL has been the subject of a number of other reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group raised their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their target price on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $284.15.

Ralph Lauren Stock Performance

NYSE:RL opened at $277.92 on Friday. The company has a market capitalization of $17.17 billion, a PE ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The company has a 50 day simple moving average of $248.94 and a two-hundred day simple moving average of $213.94.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Ralph Lauren by 3.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker’s stock worth $489,795,000 after purchasing an additional 70,544 shares during the period. FMR LLC raised its position in Ralph Lauren by 16.9% in the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock worth $326,946,000 after acquiring an additional 205,121 shares during the period. Invesco Ltd. grew its position in shares of Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock valued at $285,841,000 after acquiring an additional 289,924 shares during the period. Pacer Advisors Inc. increased its stake in shares of Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after purchasing an additional 137,631 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Ralph Lauren by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after purchasing an additional 82,819 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.