Ralph Lauren (NYSE:RL) Stock Rating Upgraded by The Goldman Sachs Group

Ralph Lauren (NYSE:RL) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage currently has a $286.00 price target on the textile maker’s stock, up from their prior price target of $280.00. The Goldman Sachs Group’s price target suggests a potential upside of 29.98% from the company’s current price.

RL has been the topic of several other reports. Barclays upped their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Tuesday, December 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.62.

Ralph Lauren Stock Performance

NYSE:RL opened at $220.03 on Tuesday. The company’s 50-day moving average is $253.47 and its two-hundred day moving average is $223.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Trading of Ralph Lauren

A number of large investors have recently bought and sold shares of RL. Atria Investments Inc boosted its stake in Ralph Lauren by 55.8% during the 3rd quarter. Atria Investments Inc now owns 1,922 shares of the textile maker’s stock worth $373,000 after purchasing an additional 688 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Ralph Lauren in the 3rd quarter worth $284,000. Huntington National Bank lifted its stake in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Ralph Lauren by 9.9% in the 3rd quarter. CIBC Asset Management Inc now owns 5,563 shares of the textile maker’s stock worth $1,078,000 after acquiring an additional 500 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Ralph Lauren by 63.1% in the 3rd quarter. Empowered Funds LLC now owns 3,576 shares of the textile maker’s stock worth $693,000 after acquiring an additional 1,383 shares during the period. Institutional investors and hedge funds 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.