Ralph Lauren Co. (NYSE:RL) Receives $184.80 Consensus Price Target from Analysts

Shares of Ralph Lauren Co. (NYSE:RL) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $184.80.

A number of research firms have weighed in on RL. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. TD Cowen decreased their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays increased their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Ralph Lauren in a report on Wednesday, August 7th. Finally, Guggenheim reissued a “buy” rating and issued a $200.00 target price on shares of Ralph Lauren in a report on Friday, May 24th.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors have recently bought and sold shares of RL. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares during the period. Acadian Asset Management LLC raised its holdings in Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares during the last quarter. Swedbank AB bought a new stake in shares of Ralph Lauren during the first quarter worth approximately $61,022,000. Finally, Los Angeles Capital Management LLC grew its holdings in Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after acquiring an additional 322,053 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.9 %

NYSE RL opened at $178.64 on Wednesday. Ralph Lauren has a twelve month low of $108.60 and a twelve month high of $192.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The stock has a market cap of $11.06 billion, a PE ratio of 18.38, a PEG ratio of 1.43 and a beta of 1.49. The firm has a 50-day simple moving average of $169.85 and a 200 day simple moving average of $173.42.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. On average, research analysts forecast that Ralph Lauren will post 11.23 EPS for the current year.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.