Ralph Lauren (NYSE:RL) Price Target Increased to $200.00 by Analysts at Barclays

Ralph Lauren (NYSE:RL) had its price target raised by stock analysts at Barclays from $195.00 to $200.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price suggests a potential upside of 22.90% from the company’s previous close.

Several other analysts have also recently commented on the stock. TD Cowen dropped their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of Ralph Lauren in a research report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price objective for the company. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Finally, UBS Group upped their price objective on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.08.

Ralph Lauren Trading Up 2.1 %

RL stock traded up $3.35 during trading on Thursday, hitting $162.74. The company had a trading volume of 461,556 shares, compared to its average volume of 945,501. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $175.80 and a 200-day moving average price of $172.21. Ralph Lauren has a 12 month low of $108.60 and a 12 month high of $192.03. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.34 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, analysts predict that Ralph Lauren will post 11.08 earnings per share for the current year.

Insider Transactions at Ralph Lauren

In other news, COO Jane Nielsen sold 67,243 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the completion of the transaction, the chief operating officer now directly owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.50% of the company’s stock.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently modified their holdings of the company. SYM FINANCIAL Corp bought a new position in Ralph Lauren in the 2nd quarter valued at about $207,000. Federated Hermes Inc. lifted its holdings in shares of Ralph Lauren by 929.3% during the second quarter. Federated Hermes Inc. now owns 772 shares of the textile maker’s stock worth $135,000 after purchasing an additional 697 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ralph Lauren by 1,308.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 479 shares of the textile maker’s stock worth $82,000 after purchasing an additional 445 shares during the period. Nicholas Investment Partners LP lifted its holdings in shares of Ralph Lauren by 28.5% during the second quarter. Nicholas Investment Partners LP now owns 3,874 shares of the textile maker’s stock worth $678,000 after purchasing an additional 859 shares during the period. Finally, Vest Financial LLC lifted its holdings in shares of Ralph Lauren by 31.8% during the second quarter. Vest Financial LLC now owns 6,025 shares of the textile maker’s stock worth $1,055,000 after purchasing an additional 1,454 shares during the period. 67.91% of the stock is owned by institutional investors.

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.