Ralph Lauren (NYSE:RL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a report released on Sunday.

A number of other equities analysts have also recently commented on RL. Weiss Ratings upgraded Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. BTIG Research boosted their price target on shares of Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Citigroup increased their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Evercore reissued an “outperform” rating and issued a $460.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $445.67.

Ralph Lauren Stock Down 2.1%

Shares of NYSE RL opened at $363.11 on Friday. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.39 and a beta of 1.35. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 52-week low of $287.03 and a 52-week high of $421.60. The business’s 50 day moving average is $388.66 and its two-hundred day moving average is $370.42.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $3.77 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Research analysts predict that Ralph Lauren will post 18.79 EPS 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. Blueline Advisors LLC acquired a new position in shares of Ralph Lauren during the 4th quarter worth about $27,000. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the second quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in Ralph Lauren during the second quarter worth approximately $32,000. Finally, Acumen Wealth Advisors LLC acquired a new position in Ralph Lauren in the fourth quarter valued at approximately $38,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

About Ralph Lauren

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.