Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, TD Cowen Analyst Says

Ralph Lauren (NYSE:RL) had its price target upped by analysts at TD Cowen from $208.00 to $251.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. TD Cowen’s target price suggests a potential upside of 23.70% from the stock’s previous close.

RL has been the topic of a number of other reports. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, September 26th. Barclays raised their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.27.

Ralph Lauren Stock Performance

RL traded up $3.02 during midday trading on Tuesday, reaching $202.91. The company’s stock had a trading volume of 356,085 shares, compared to its average volume of 858,464. Ralph Lauren has a twelve month low of $111.94 and a twelve month high of $207.06. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market cap of $12.57 billion, a P/E ratio of 19.57, a PEG ratio of 1.61 and a beta of 1.49. The company has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $178.01.

Ralph Lauren (NYSE:RL) last released 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. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $2.34 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts expect that Ralph Lauren will post 11.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Ralph Lauren by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $11,968,000 after buying an additional 6,378 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Ralph Lauren by 708.2% in the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares during the period. Sei Investments Co. lifted its stake in Ralph Lauren by 124.3% in the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after purchasing an additional 17,827 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Ralph Lauren by 891.9% in the first quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock valued at $940,000 after buying an additional 4,504 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Ralph Lauren by 267.3% during the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after acquiring an additional 4,224 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.