Ralph Lauren (NYSE:RL – Get Free Report) had its target price raised by equities research analysts at Guggenheim from $260.00 to $285.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Guggenheim’s target price indicates a potential upside of 10.32% from the stock’s current price.
Several other research firms also recently weighed in on RL. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Barclays upped their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Three 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.91.
Get Our Latest Stock Analysis on Ralph Lauren
Ralph Lauren Trading Up 0.6 %
Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren will post 11.75 EPS for the current year.
Hedge Funds Weigh In On Ralph Lauren
Hedge funds have recently made changes to their positions in the stock. Burney Co. acquired a new position in Ralph Lauren in the 4th quarter valued at about $5,711,000. Charles Schwab Investment Management Inc. increased its stake in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after buying an additional 13,640 shares during the period. Bridgewater Associates LP lifted its holdings in Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after buying an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ralph Lauren in the 3rd quarter valued at approximately $1,819,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Ralph Lauren by 31.9% in the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after acquiring an additional 2,880 shares in the last quarter. Hedge funds and other 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.
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