Ralph Lauren (NYSE:RL) Price Target Raised to $193.00

Ralph Lauren (NYSE:RL) had its target price raised by investment analysts at The Goldman Sachs Group from $171.00 to $193.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 5.02% from the company’s previous close.

RL has been the subject of several other research reports. TD Cowen increased their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company increased their price target on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday. Barclays raised their target price on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.18.

Ralph Lauren Stock Down 1.5 %

Shares of RL stock traded down $3.05 during trading hours on Monday, reaching $203.19. The company had a trading volume of 125,186 shares, compared to its average volume of 876,615. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. Ralph Lauren has a 12 month low of $109.59 and a 12 month high of $207.06. The business has a fifty day simple moving average of $182.04 and a 200-day simple moving average of $175.29.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $2.34 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new stake in shares of Ralph Lauren during the second quarter valued at about $30,000. Gladius Capital Management LP purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at $31,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Ralph Lauren in the first quarter worth $42,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the first quarter worth $63,000. 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.