Barclays Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its price target lifted by stock analysts at Barclays from $200.00 to $257.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective suggests a potential upside of 15.46% from the company’s current price.

Several other equities analysts also recently weighed in on RL. UBS Group lifted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Up 0.4 %

Shares of NYSE RL opened at $222.58 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren has a 52-week low of $113.92 and a 52-week high of $237.16. The firm has a 50 day moving average price of $192.92 and a 200 day moving average price of $179.33. The stock has a market cap of $13.79 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted 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 28.79% and a net margin of 10.27%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts expect that Ralph Lauren will post 11.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP bought a new stake in shares of Ralph Lauren in the second quarter valued at approximately $31,000. Versant Capital Management Inc grew its stake in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares in the last quarter. Huntington National Bank increased its stake in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in Ralph Lauren during the 3rd quarter worth approximately $58,000. 67.91% of the stock is currently owned by 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.