Ralph Lauren (NYSE:RL) Hits New 12-Month High – What’s Next?

Ralph Lauren Corporation (NYSE:RL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $374.00 and last traded at $367.9720, with a volume of 65478 shares trading hands. The stock had previously closed at $367.62.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RL. Evercore ISI boosted their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. 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 research note on Tuesday, September 30th. BTIG Research initiated coverage on Ralph Lauren in a research note on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $352.13.

Ralph Lauren Trading Up 0.2%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. The stock has a fifty day moving average of $336.38 and a 200 day moving average of $306.95. The company has a market capitalization of $22.34 billion, a P/E ratio of 27.20, a PEG ratio of 1.73 and a beta of 1.52.

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

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors have recently added to or reduced their stakes in RL. Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of Ralph Lauren by 0.3% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after buying an additional 32 shares in the last quarter. Wedmont Private Capital raised its position in shares of Ralph Lauren by 3.1% during the 3rd quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock valued at $362,000 after buying an additional 34 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after purchasing an additional 34 shares during the last quarter. Polymer Capital Management US LLC boosted its stake in Ralph Lauren by 1.1% during the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after buying an additional 34 shares during the period. Finally, Rothschild Investment LLC boosted its stake in shares of Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

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.