Barclays Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price objective lifted by research analysts at Barclays from $352.00 to $358.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 9.30% from the company’s previous close.

RL has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. TD Cowen boosted their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. UBS Group increased their price target on shares of Ralph Lauren from $404.00 to $421.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Needham & Company LLC boosted their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Jefferies Financial Group upped their price objective on shares of Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $340.53.

Ralph Lauren Stock Performance

Shares of NYSE RL traded up $12.51 during trading hours on Friday, hitting $327.55. 364,280 shares of the stock were exchanged, compared to its average volume of 798,216. The firm has a market capitalization of $19.84 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.63 and a beta of 1.61. Ralph Lauren has a one year low of $176.61 and a one year high of $341.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The company’s 50 day moving average is $317.71 and its 200 day moving average is $289.06.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 earnings per share. On average, research analysts expect that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Trading of Ralph Lauren

Institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC raised its holdings in Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the period. AQR Capital Management LLC raised its stake in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after buying an additional 414,275 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Ralph Lauren during the 3rd quarter worth $86,719,000. Invesco Ltd. lifted its holdings in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after acquiring an additional 275,391 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after acquiring an additional 210,343 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.