Ralph Lauren (NYSE:RL) Price Target Raised to $275.00

Ralph Lauren (NYSE:RL) had its price objective upped by analysts at Wells Fargo & Company from $225.00 to $275.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 1.14% from the stock’s previous close.

RL has been the subject of a number of other research reports. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Barclays lifted their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $265.18.

Ralph Lauren Trading Down 0.4 %

Shares of Ralph Lauren stock opened at $271.91 on Friday. The stock’s 50 day simple moving average is $238.24 and its 200-day simple moving average is $205.15. The stock has a market cap of $16.89 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.86 and a beta of 1.49. 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 has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Analysts predict that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in shares of Ralph Lauren by 11.2% in the 4th quarter. Larson Financial Group LLC now owns 2,577 shares of the textile maker’s stock worth $595,000 after acquiring an additional 260 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Ralph Lauren by 4.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,999 shares of the textile maker’s stock worth $924,000 after purchasing an additional 159 shares during the period. Machina Capital S.A.S. grew its position in Ralph Lauren by 8.1% during the fourth quarter. Machina Capital S.A.S. now owns 2,848 shares of the textile maker’s stock valued at $658,000 after buying an additional 213 shares during the period. Edgestream Partners L.P. purchased a new position in Ralph Lauren in the fourth quarter valued at about $1,342,000. Finally, E Fund Management Co. Ltd. bought a new position in Ralph Lauren during the fourth quarter valued at $495,000. Institutional investors 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.