Ralph Lauren Corporation (NYSE:RL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $445.6667.

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $446.00 price target on Ralph Lauren in a research report on Friday, August 7th. Citigroup raised their price objective on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th. UBS Group boosted their target price on Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Evercore restated an “outperform” rating and set a $460.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Finally, Raymond James Financial restated an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $377.90 on Wednesday. Ralph Lauren has a 52-week low of $283.50 and a 52-week high of $421.60. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $391.44 and its 200 day moving average is $369.85. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $3.77 EPS. The business’s revenue was up 13.9% on a year-over-year basis. Sell-side analysts forecast that Ralph Lauren will post 18.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC raised its stake in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the period. Invesco Ltd. increased its holdings in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after buying an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Ralph Lauren by 40.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after buying an additional 255,511 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after buying an additional 245,242 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock valued at $207,295,000 after buying an additional 242,386 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.