Ralph Lauren (NYSE:RL) Price Target Raised to $205.00 at Wells Fargo & Company

Ralph Lauren (NYSE:RL) had its price target increased by analysts at Wells Fargo & Company from $195.00 to $205.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 3.19% from the stock’s previous close.

A number of other research analysts have also weighed in on RL. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a report on Thursday, September 26th. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. TD Cowen lifted their price target on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Barclays upped their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.09.

Ralph Lauren Trading Down 0.3 %

NYSE RL traded down $0.53 during trading hours on Wednesday, hitting $198.66. 27,677 shares of the company’s stock were exchanged, compared to its average volume of 871,966. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.69 and a beta of 1.49. Ralph Lauren has a 1-year low of $109.59 and a 1-year high of $207.06. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $183.66 and a 200 day simple moving average of $175.71.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $2.34 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently modified their holdings of RL. Artemis Investment Management LLP raised its holdings in shares of Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after acquiring an additional 175,956 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Ralph Lauren by 24.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,334 shares of the textile maker’s stock worth $438,000 after purchasing an additional 452 shares in the last quarter. Guidance Capital Inc. increased its holdings in Ralph Lauren by 3.7% in the 1st quarter. Guidance Capital Inc. now owns 5,785 shares of the textile maker’s stock worth $1,086,000 after buying an additional 206 shares in the last quarter. Chapin Davis Inc. purchased a new position in shares of Ralph Lauren during the first quarter valued at approximately $324,000. Finally, Diversified Trust Co lifted its holdings in shares of Ralph Lauren by 120.1% during the 1st quarter. Diversified Trust Co now owns 4,775 shares of the textile maker’s stock valued at $897,000 after buying an additional 2,606 shares during the period. 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.