Argus Increases Ralph Lauren (NYSE:RL) Price Target to $400.00

Ralph Lauren (NYSE:RL) had its price objective boosted by analysts at Argus from $360.00 to $400.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Argus’ target price would suggest a potential upside of 10.21% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Barclays restated an “overweight” rating and set a $409.00 price target on shares of Ralph Lauren in a research report on Tuesday, January 6th. TD Cowen boosted their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research note on Thursday, January 8th. Finally, Evercore ISI boosted their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $375.29.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $362.93 on Thursday. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $380.00. The stock has a market capitalization of $22.01 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.66 and a beta of 1.49. The company’s 50-day moving average is $354.99 and its 200 day moving average is $322.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $2.54 EPS. The business’s revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts expect that Ralph Lauren will post 12.01 earnings per share for the current year.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the business. Aventura Private Wealth LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at $29,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the 3rd quarter worth about $27,000. Hantz Financial Services Inc. raised its position in Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the last quarter. Rothschild Investment LLC lifted its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 38 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $28,000. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.