Ralph Lauren (NYSE:RL) Raised to “Buy” at StockNews.com

Ralph Lauren (NYSE:RL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company raised their target price on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. TD Cowen raised their target price on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a 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 report on Thursday, August 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Ralph Lauren Stock Performance

RL stock traded down $2.66 during trading on Monday, hitting $193.87. The company had a trading volume of 477,534 shares, compared to its average volume of 904,154. Ralph Lauren has a 1-year low of $108.60 and a 1-year high of $200.17. The firm has a 50-day moving average price of $172.99 and a 200-day moving average price of $173.88. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm has a market cap of $12.12 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

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

Institutional Trading of Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its holdings in shares of Ralph Lauren by 61.7% during the 4th quarter. Allianz Asset Management GmbH now owns 44,890 shares of the textile maker’s stock worth $6,473,000 after purchasing an additional 17,130 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of Ralph Lauren by 113,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock worth $163,000 after purchasing an additional 1,132 shares during the period. Hudson Edge Investment Partners Inc. purchased a new stake in shares of Ralph Lauren during the 4th quarter worth about $451,000. Cibc World Markets Corp grew its holdings in shares of Ralph Lauren by 23.0% during the 4th quarter. Cibc World Markets Corp now owns 8,925 shares of the textile maker’s stock worth $1,287,000 after purchasing an additional 1,666 shares during the period. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter worth about $573,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.