Ralph Lauren (NYSE:RL) Price Target Raised to $452.00

Ralph Lauren (NYSE:RL) had its target price upped by analysts at JPMorgan Chase & Co. from $434.00 to $452.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.74% from the stock’s current price.

A number of other research analysts have also recently weighed in on RL. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. BTIG Research reiterated a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. UBS Group boosted their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price objective on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $432.36.

Ralph Lauren Stock Up 0.1%

Shares of NYSE:RL opened at $380.68 on Tuesday. Ralph Lauren has a 1 year low of $273.04 and a 1 year high of $421.60. The company has a market capitalization of $22.66 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The business has a fifty day moving average price of $387.40 and a two-hundred day moving average price of $367.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 EPS. Analysts forecast that Ralph Lauren will post 18.33 earnings per share for the current year.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of RL. Orion Porfolio Solutions LLC boosted its position in shares of Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after acquiring an additional 952,681 shares during the last quarter. Invesco Ltd. lifted its position in Ralph Lauren by 26.2% during the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after purchasing an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after purchasing an additional 255,511 shares during the last quarter. AQR Capital Management LLC grew its stake in Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after buying an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Ralph Lauren by 70.5% in the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after buying an additional 242,386 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.