Ralph Lauren (NYSE:RL) Upgraded at StockNews.com

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

Other analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Raymond James raised their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Shares of NYSE:RL traded up $0.88 during trading on Friday, reaching $222.58. 816,054 shares of the stock were exchanged, compared to its average volume of 866,140. The firm has a market cap of $13.79 billion, a PE ratio of 21.22, a PEG ratio of 1.65 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 12 month low of $113.92 and a 12 month high of $237.16. The stock has a 50-day moving average price of $191.89 and a 200-day moving average price of $178.83.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. Research analysts expect that Ralph Lauren will post 11.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC increased 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 period. Acadian Asset Management LLC raised its holdings 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 worth $84,266,000 after purchasing an additional 446,097 shares during the last quarter. Swedbank AB acquired a new position in shares of Ralph Lauren in the 1st quarter worth approximately $61,022,000. Finally, Vanguard Group Inc. increased its position in shares of Ralph Lauren by 4.3% during 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 during the period. 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.