Ralph Lauren (NYSE:RL) Coverage Initiated at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Ralph Lauren (NYSE:RL) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $310.00 price target on the textile maker’s stock. Needham & Company LLC’s price objective indicates a potential upside of 11.31% from the company’s previous close.

A number of other equities analysts have also recently issued reports on RL. The Goldman Sachs Group raised their target price on Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. TD Cowen raised their target price on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company raised their target price on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.33.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $278.51 on Wednesday. The business’s 50-day simple moving average is $242.22 and its 200 day simple moving average is $208.85. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.03 and a beta of 1.49. Ralph Lauren has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, research analysts anticipate that Ralph Lauren will post 11.73 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of RL. EverSource Wealth Advisors LLC raised its position in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares during the last quarter. Huntington National Bank increased its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its position in shares of Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after purchasing an additional 225 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds 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.