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

Ralph Lauren (NYSE:RL) had its price objective upped by research analysts at UBS Group from $421.00 to $435.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective points to a potential upside of 33.85% from the company’s current price.

A number of other equities analysts have also recently weighed in on RL. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Zacks Research raised Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Barclays raised their price objective on Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $340.53.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded up $9.94 during midday trading on Friday, hitting $324.98. The company had a trading volume of 665,349 shares, compared to its average volume of 799,807. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.63 and a beta of 1.61. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren has a 12-month low of $176.61 and a 12-month high of $341.90. The company has a fifty day simple moving average of $317.71 and a 200 day simple moving average of $289.06.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 EPS. As a group, analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JW Asset Management LLC raised its position in Ralph Lauren by 400.0% during the third quarter. JW Asset Management LLC now owns 10,000 shares of the textile maker’s stock worth $3,136,000 after acquiring an additional 8,000 shares during the last quarter. Syon Capital LLC grew its position in shares of Ralph Lauren by 53.3% in the third quarter. Syon Capital LLC now owns 3,151 shares of the textile maker’s stock valued at $988,000 after purchasing an additional 1,095 shares during the period. Maridea Wealth Management LLC purchased a new position in shares of Ralph Lauren during the 3rd quarter worth about $227,000. Rothschild Investment LLC increased its holdings in shares of Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Ralph Lauren by 125.2% during the third quarter. Assetmark Inc. now owns 527 shares of the textile maker’s stock valued at $165,000 after buying an additional 293 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

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.