Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Guggenheim Analyst Says

Ralph Lauren (NYSE:RL) had its price target hoisted by investment analysts at Guggenheim from $260.00 to $285.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Guggenheim’s price objective would indicate a potential upside of 10.97% from the company’s current price.

A number of other brokerages have also issued reports on RL. 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. UBS Group increased their price objective on Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group boosted their target price on Ralph Lauren from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $244.91.

Ralph Lauren Stock Performance

RL traded down $0.63 on Wednesday, hitting $256.83. 147,469 shares of the stock traded hands, compared to its average volume of 642,296. The business has a fifty day moving average price of $232.84 and a two-hundred day moving average price of $201.46. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $15.95 billion, a PE ratio of 24.48, a P/E/G ratio of 1.85 and a beta of 1.49. Ralph Lauren has a 52 week low of $142.26 and a 52 week high of $260.77.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts predict that Ralph Lauren will post 11.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of the business. Huntington National Bank boosted its position in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at $58,000. Quent Capital LLC increased its holdings 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 purchasing an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during 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.