Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ralph Lauren (NYSE:RL) had its price target hoisted by stock analysts at Wells Fargo & Company from $215.00 to $225.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 7.39% from the stock’s previous close.

RL has been the subject of a number of other research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group boosted their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, TD Cowen boosted their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $242.96 on Friday. The business has a 50 day moving average of $223.62 and a 200 day moving average of $194.93. Ralph Lauren has a 52 week low of $134.90 and a 52 week high of $245.92. The company has a market cap of $15.09 billion, a PE ratio of 23.16, a P/E/G ratio of 1.69 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

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, 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 business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm posted $2.10 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Ralph Lauren will post 11.71 earnings per share for the current year.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently made changes to their positions in RL. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after acquiring an additional 994,385 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Ralph Lauren in the third quarter worth approximately $94,831,000. Teachers Retirement System of The State of Kentucky grew its position in Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after buying an additional 116,910 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Ralph Lauren during the third quarter valued at approximately $19,320,000. Hedge funds and other 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.