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Ralph Lauren Corp (NYSE:RL) was upgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a report issued on Wednesday, reports.

Ralph Lauren Corp (NYSE:RL) traded up 1.33% during mid-day trading on Wednesday, hitting $162.12. 1,482,841 shares of the company’s stock traded hands. Ralph Lauren Corp has a 52-week low of $146.00 and a 52-week high of $192.03. The stock’s 50-day moving average is $159.6 and its 200-day moving average is $167.2. The company has a market cap of $14.524 billion and a P/E ratio of 19.75.

Ralph Lauren Corp (NYSE:RL) last announced its earnings results on Wednesday, February 5th. The company reported $2.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.51 by $0.06. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Ralph Lauren Corp will post $8.39 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on RL. Analysts at Wells Fargo & Co. upgraded shares of Ralph Lauren Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Separately, analysts at Nomura initiated coverage on shares of Ralph Lauren Corp in a research note on Wednesday, February 12th. They set a “neutral” rating and a $167.00 price target on the stock. Finally, analysts at Atlantic Securities upgraded shares of Ralph Lauren Corp from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 11th. They now have a $187.00 price target on the stock. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $184.33.

Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.

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