Ralph Lauren (NYSE:RL) PT Lowered to $180.00

Ralph Lauren (NYSE:RL) had its price target decreased by analysts at Wells Fargo & Company from $185.00 to $180.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.78% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Jefferies Financial Group began coverage on Ralph Lauren in a research report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a research report on Thursday. Raymond James raised their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, TD Cowen upped their price target on shares of Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.50.

Ralph Lauren Price Performance

RL opened at $173.45 on Friday. The company has a fifty day moving average price of $170.70 and a two-hundred day moving average price of $156.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.29. The firm has a market capitalization of $11.09 billion, a PE ratio of 17.84, a P/E/G ratio of 0.98 and a beta of 1.55. Ralph Lauren has a 52 week low of $103.17 and a 52 week high of $192.03.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. Ralph Lauren’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. As a group, analysts anticipate that Ralph Lauren will post 11.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RL. Financial Gravity Asset Management Inc. raised its stake in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares in the last quarter. Spire Wealth Management increased its holdings in Ralph Lauren by 47.9% during the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after buying an additional 102 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Ralph Lauren during the first quarter worth $42,000. GAMMA Investing LLC acquired a new stake in Ralph Lauren in the fourth quarter valued at $45,000. Finally, Headlands Technologies LLC bought a new position in shares of Ralph Lauren in the 3rd quarter valued at about $46,000. 67.91% of the stock is currently 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.