Wells Fargo & Company Boosts Ralph Lauren (NYSE:RL) Price Target to $205.00

Ralph Lauren (NYSE:RL) had its price target boosted by equities research analysts at Wells Fargo & Company from $195.00 to $205.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.57% from the stock’s current price.

A number of other brokerages have also issued reports on RL. Cfra set a $171.00 target price on Ralph Lauren in a research report on Thursday, October 17th. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, September 26th. The Goldman Sachs Group boosted their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $192.09.

Ralph Lauren Trading Up 0.7 %

NYSE:RL opened at $197.94 on Wednesday. The business has a fifty day moving average of $185.09 and a 200-day moving average of $176.01. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.63 and a beta of 1.49. 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 has a 1 year low of $109.59 and a 1 year high of $207.06.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $2.34 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Ralph Lauren will post 11.23 earnings per share for the current year.

Institutional Inflows and Outflows

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