Ralph Lauren (NYSE:RL) Given New $193.00 Price Target at The Goldman Sachs Group

Ralph Lauren (NYSE:RL) had its price target upped by equities research analysts at The Goldman Sachs Group from $171.00 to $193.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 3.11% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday, September 26th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $191.18.

Ralph Lauren Trading Down 2.1 %

Shares of RL stock opened at $199.19 on Monday. The company has a market capitalization of $12.34 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. Ralph Lauren has a 52-week low of $109.59 and a 52-week high of $207.06. The business’s fifty day moving average is $183.66 and its 200 day moving average is $175.71. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results 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 firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC grew its position in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Acadian Asset Management LLC increased its stake in Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after purchasing an additional 446,097 shares in the last quarter. Swedbank AB purchased a new position in Ralph Lauren in the first quarter worth about $61,022,000. Finally, Vanguard Group Inc. lifted its stake in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares in the last quarter. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.