Ralph Lauren’s (RL) “Buy” Rating Reaffirmed at Needham & Company LLC

Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $310.00 price target on the textile maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 12.87% from the company’s current price.

RL has been the subject of several other reports. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Guggenheim upped their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. Finally, Wells Fargo & Company increased their price target on Ralph Lauren from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $277.29.

Ralph Lauren Stock Up 2.1%

NYSE RL opened at $274.65 on Friday. The business has a fifty day moving average price of $222.67 and a two-hundred day moving average price of $233.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The stock has a market capitalization of $16.96 billion, a PE ratio of 25.06, a PEG ratio of 1.73 and a beta of 1.44.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its position in Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC raised its position in Ralph Lauren by 178.0% during the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock worth $31,000 after purchasing an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Banque Transatlantique SA bought a new position in Ralph Lauren during the 1st quarter worth $33,000. Finally, Brooklyn Investment Group raised its position in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. 67.91% of the stock is owned by 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.