Ralph Lauren (NYSE:RL) Given New $225.00 Price Target at Wells Fargo & Company

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

RL has been the subject of several other research reports. Guggenheim increased their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Raymond James upped their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. TD Cowen boosted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Price Performance

RL stock opened at $242.96 on Friday. Ralph Lauren has a 1 year low of $134.90 and a 1 year high of $245.92. The stock has a market capitalization of $15.09 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The company’s 50-day moving average is $223.62 and its 200-day moving average is $194.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RL. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC boosted its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the period. AM Squared Ltd bought a new position in shares of Ralph Lauren in the third quarter worth approximately $58,000. Quent Capital LLC increased its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after buying an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

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.