Ralph Lauren (NYSE:RL) Receives New Coverage from Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group initiated coverage on shares of Ralph Lauren (NYSE:RL) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $195.00 price target on the textile maker’s stock. Jefferies Financial Group’s price target suggests a potential upside of 19.18% from the stock’s current price.

Several other research firms have also recently commented on RL. Wells Fargo & Company lifted their price target on Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, March 4th. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price target (up previously from $165.00) on shares of Ralph Lauren in a report on Thursday, February 8th. Raymond James lifted their price target on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Finally, UBS Group boosted their target price on Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.92.

Ralph Lauren Trading Down 0.0 %

Ralph Lauren stock opened at $163.62 on Tuesday. The stock has a market cap of $10.46 billion, a PE ratio of 18.55, a P/E/G ratio of 0.98 and a beta of 1.53. The stock has a 50-day moving average price of $176.28 and a 200 day moving average price of $150.41. Ralph Lauren has a 52 week low of $103.17 and a 52 week high of $192.03. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.35 EPS. Equities research analysts predict that Ralph Lauren will post 10.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently bought and sold shares of RL. Boston Partners purchased a new position in Ralph Lauren in the 3rd quarter worth approximately $84,288,000. Jennison Associates LLC boosted its stake in shares of Ralph Lauren by 71.6% during the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after buying an additional 331,413 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after buying an additional 322,053 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $24,890,000. Finally, Artemis Investment Management LLP boosted its stake in shares of Ralph Lauren by 11,052.5% during the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after buying an additional 175,956 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.