Raymond James Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL) had its target price raised by analysts at Raymond James from $215.00 to $235.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Raymond James’ target price would suggest a potential upside of 4.96% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Guggenheim boosted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a report on Thursday. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen lifted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $218.20.

Ralph Lauren Trading Up 1.0 %

Shares of NYSE:RL traded up $2.20 on Friday, hitting $223.90. The company had a trading volume of 329,283 shares, compared to its average volume of 863,897. Ralph Lauren has a 1 year low of $113.92 and a 1 year high of $237.16. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.65 and a beta of 1.49. The firm’s 50-day simple moving average is $191.89 and its two-hundred day simple moving average is $178.83. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.10 EPS. Equities analysts anticipate that Ralph Lauren will post 11.33 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in shares of Ralph Lauren in the second quarter worth about $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren during the second quarter worth approximately $31,000. Versant Capital Management Inc raised its position in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares during the period. Huntington National Bank boosted its holdings 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 purchasing an additional 103 shares during the period. Finally, AM Squared Ltd purchased a new stake in Ralph Lauren during the 3rd quarter valued at $58,000. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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.