Barclays Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL) had its target price raised by stock analysts at Barclays from $257.00 to $310.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price indicates a potential upside of 13.75% from the company’s current price.

RL has been the subject of a number of other reports. Wells Fargo & Company increased their target price on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Guggenheim raised their price objective on shares of Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday. TD Cowen lifted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.64.

Ralph Lauren Trading Up 9.4 %

Shares of Ralph Lauren stock traded up $23.52 during trading on Thursday, reaching $272.52. 2,446,763 shares of the company were exchanged, compared to its average volume of 776,161. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a twelve month low of $146.00 and a twelve month high of $289.33. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.86 and a beta of 1.49. The business has a 50-day moving average price of $237.24 and a 200-day moving average price of $204.67.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Sell-side analysts anticipate that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 149 shares during the last quarter. Huntington National Bank grew its holdings in shares of Ralph Lauren by 86.6% during the third 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. True Wealth Design LLC raised 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 acquiring an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in Ralph Lauren during the 3rd quarter worth about $58,000. Finally, Versant Capital Management Inc boosted its holdings in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. 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.