Citigroup Has Lowered Expectations for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its target price decreased by stock analysts at Citigroup from $282.00 to $219.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Citigroup’s price objective points to a potential upside of 20.55% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Barclays upped their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. TD Cowen raised their price target 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. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $277.43.

Ralph Lauren Trading Down 6.0 %

Shares of RL stock opened at $181.66 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.22 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.73 and a beta of 1.38. Ralph Lauren has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a 50-day moving average price of $243.46 and a 200 day moving average price of $227.46.

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

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds have recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Ralph Lauren by 3.4% in 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 valued at $489,795,000 after buying an additional 70,544 shares in the last quarter. FMR LLC raised its position in shares of Ralph Lauren by 16.9% during the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock worth $326,946,000 after purchasing an additional 205,121 shares during the period. Invesco Ltd. raised its position in shares of Ralph Lauren by 30.6% during the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after purchasing an additional 289,924 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock valued at $249,361,000 after purchasing an additional 82,819 shares in the last quarter. Finally, Boston Partners increased its stake in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock worth $227,085,000 after purchasing an additional 65,303 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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.