StockNews.com Upgrades Ralph Lauren (NYSE:RL) to Buy

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

Several other analysts have also recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, September 26th. TD Cowen lifted their price target on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Argus reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Barclays lifted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company raised their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $201.89 on Friday. Ralph Lauren has a 12 month low of $108.60 and a 12 month high of $202.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm has a market capitalization of $12.62 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.60 and a beta of 1.49. The company’s fifty day moving average price is $177.82 and its 200 day moving average price is $174.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted $2.34 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

A number of large investors have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Ralph Lauren during the 2nd quarter valued at approximately $30,000. Gladius Capital Management LP purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Ralph Lauren in the first quarter worth $42,000. Finally, EntryPoint Capital LLC acquired a new position in Ralph Lauren in the first quarter worth about $63,000. 67.91% of the stock is 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.