Ralph Lauren (NYSE:RL) Price Target Raised to $285.00 at Jefferies Financial Group

Ralph Lauren (NYSE:RLGet Free Report) had its price target lifted by equities research analysts at Jefferies Financial Group from $280.00 to $285.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 11.03% from the company’s previous close.

RL has been the topic of several other reports. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.91.

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Ralph Lauren Price Performance

Shares of NYSE RL opened at $256.68 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The company has a market cap of $15.94 billion, a PE ratio of 24.47, a P/E/G ratio of 1.85 and a beta of 1.49. The stock has a fifty day moving average price of $233.93 and a 200 day moving average price of $201.85. Ralph Lauren has a 1-year low of $142.26 and a 1-year high of $260.77.

Ralph Lauren (NYSE:RLGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts forecast that Ralph Lauren will post 11.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares during the period. AM Squared Ltd acquired a new stake in Ralph Lauren during the third quarter worth approximately $58,000. Quent Capital LLC grew its stake in Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

(Get Free Report)

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.

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