Ralph Lauren’s (RL) Buy (B) Rating Reiterated at Weiss Ratings

Ralph Lauren (NYSE:RL)‘s stock had its “buy (b)” rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

RL has been the topic of a number of other reports. Needham & Company LLC upped their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group increased their target price on shares of Ralph Lauren from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $320.53.

Ralph Lauren Stock Performance

Shares of RL stock opened at $329.15 on Wednesday. The stock has a market capitalization of $19.94 billion, a P/E ratio of 26.29, a PEG ratio of 1.64 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $304.60 and its 200 day moving average is $271.87. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $329.75.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 EPS. On average, sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC boosted its position in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares during the period. AQR Capital Management LLC lifted its position in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after purchasing an additional 414,275 shares during the period. Invesco Ltd. lifted its position in shares of Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after purchasing an additional 210,343 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Ralph Lauren by 26.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock worth $231,306,000 after purchasing an additional 174,847 shares during the period. 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.