Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Ralph Lauren (NYSE:RL) had its target price raised by investment analysts at JPMorgan Chase & Co. from $285.00 to $342.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 20.76% from the stock’s current price.

A number of other brokerages also recently commented on RL. UBS Group upped their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Needham & Company LLC began coverage on Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price objective on the stock. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Trading Down 1.2 %

Shares of NYSE:RL traded down $3.30 during trading on Friday, reaching $283.21. 95,260 shares of the company traded hands, compared to its average volume of 744,700. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.73 and a beta of 1.49. The business’s fifty day moving average is $247.94 and its 200-day moving average is $212.78. Ralph Lauren has a 52-week low of $155.96 and a 52-week high of $289.33.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds have recently made changes to their positions in RL. Blue Trust Inc. lifted its stake in shares of Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker’s stock worth $103,000 after purchasing an additional 149 shares during the last quarter. Raymond James & Associates raised its stake in Ralph Lauren by 4.7% in the third quarter. Raymond James & Associates now owns 64,743 shares of the textile maker’s stock valued at $12,552,000 after buying an additional 2,912 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Ralph Lauren in the third quarter valued at about $255,000. Signaturefd LLC raised its stake in Ralph Lauren by 66.8% in the third quarter. Signaturefd LLC now owns 612 shares of the textile maker’s stock valued at $119,000 after buying an additional 245 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Ralph Lauren by 177,157.1% in the third quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock valued at $2,406,000 after buying an additional 12,401 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other 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.