Ralph Lauren (NYSE:RL) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research note published on Sunday morning.

Several other analysts also recently commented on the stock. BTIG Research raised their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Needham & Company LLC upped their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group increased their price target on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price target on Ralph Lauren in a report on Friday, August 7th. Finally, Evercore reissued an “outperform” rating and set a $460.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $445.67.

Ralph Lauren Trading Down 0.2%

Shares of NYSE:RL opened at $371.69 on Friday. The stock has a 50 day moving average of $390.37 and a 200 day moving average of $370.24. The company has a market cap of $22.15 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35. Ralph Lauren has a 12-month low of $284.32 and a 12-month high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL) last released its earnings results 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 company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $3.77 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that Ralph Lauren will post 18.79 EPS for the current year.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ralph Lauren by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after buying an additional 174 shares in the last quarter. Empowered Funds LLC increased its stake in Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after acquiring an additional 114 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Ralph Lauren by 29.5% during the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Ralph Lauren during the 2nd quarter valued at approximately $386,000. 67.91% of the stock is owned by institutional investors.

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.