Jefferies Financial Group Raises Ralph Lauren (NYSE:RL) Price Target to $330.00

Ralph Lauren (NYSE:RL) had its price target raised by analysts at Jefferies Financial Group from $285.00 to $330.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Jefferies Financial Group’s price target suggests a potential upside of 21.09% from the stock’s current price.

Other analysts have also issued reports about the stock. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Guggenheim raised their price target on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays upped their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.64.

Ralph Lauren Stock Up 9.4 %

RL stock traded up $23.52 during midday trading on Thursday, hitting $272.52. 2,446,763 shares of the company’s stock were exchanged, compared to its average volume of 776,161. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 12-month low of $146.00 and a 12-month high of $289.33. The firm 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 posted 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 net margin of 10.15% and a return on equity of 29.44%. On average, analysts anticipate that Ralph Lauren will post 11.71 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp grew 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 purchasing an additional 149 shares in the last quarter. Huntington National Bank lifted its holdings in 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. True Wealth Design LLC boosted its position in shares of Ralph Lauren by 8,933.3% in 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 period. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Finally, Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% in the 4th 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 in the last quarter. Institutional investors own 67.91% of the company’s stock.

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.