Investment analysts at Credit Suisse Group assumed coverage on shares of Ralph Lauren (NYSE:RL) in a report released on Monday. The firm set an “outperform” rating and a $125.00 price target on the textile maker’s stock. Credit Suisse Group’s target price suggests a potential upside of 16.30% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, February 13th. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen set a $95.00 price objective on Ralph Lauren and gave the stock a “hold” rating in a research report on Thursday, November 16th. Royal Bank of Canada reissued a “hold” rating and issued a $113.00 price objective on shares of Ralph Lauren in a research report on Friday, February 2nd. Finally, Telsey Advisory Group boosted their price objective on Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren presently has a consensus rating of “Hold” and a consensus target price of $98.88.
Shares of Ralph Lauren (NYSE:RL) traded up $1.64 during trading on Monday, reaching $107.48. The company had a trading volume of 643,910 shares, compared to its average volume of 1,034,211. Ralph Lauren has a 1-year low of $66.06 and a 1-year high of $119.33. The company has a market capitalization of $8,603.63, a P/E ratio of -106.42, a P/E/G ratio of 1.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58.
Hedge funds and other institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in Ralph Lauren during the 4th quarter worth about $1,307,000. Stifel Financial Corp purchased a new stake in Ralph Lauren during the 3rd quarter worth about $810,000. State of Tennessee Treasury Department lifted its holdings in Ralph Lauren by 109.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 31,558 shares of the textile maker’s stock worth $2,786,000 after purchasing an additional 16,483 shares in the last quarter. American International Group Inc. lifted its holdings in Ralph Lauren by 3.7% during the 3rd quarter. American International Group Inc. now owns 176,529 shares of the textile maker’s stock worth $15,586,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares in the last quarter. 73.83% of the stock is currently owned by hedge funds and other institutional investors.
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Ralph Lauren Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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