Ralph Lauren (NYSE:RL) PT Raised to $225.00 at Guggenheim

Ralph Lauren (NYSE:RL) had its target price increased by equities research analysts at Guggenheim from $200.00 to $225.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Guggenheim’s target price points to a potential upside of 10.74% from the company’s current price.

A number of other research firms have also issued reports on RL. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Argus restated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Finally, Barclays lifted their price target on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.36.

Ralph Lauren Price Performance

Ralph Lauren stock traded up $5.58 during trading on Monday, reaching $203.17. The company had a trading volume of 143,193 shares, compared to its average volume of 867,523. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market capitalization of $12.58 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. Ralph Lauren has a 1-year low of $109.94 and a 1-year high of $207.06. The firm’s 50-day simple moving average is $185.78 and its 200 day simple moving average is $176.31.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. Ralph Lauren’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. As a group, equities research analysts anticipate that Ralph Lauren will post 11.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds have recently added to or reduced their stakes in RL. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Ralph Lauren by 11.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after buying an additional 6,378 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Ralph Lauren by 708.2% during the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after buying an additional 7,904 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Ralph Lauren by 124.3% during the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after buying an additional 17,827 shares during the period. UniSuper Management Pty Ltd grew its stake in Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock worth $940,000 after acquiring an additional 4,504 shares during the period. Finally, CWM LLC raised its holdings in Ralph Lauren by 267.3% in the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock valued at $1,016,000 after acquiring an additional 4,224 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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.