Ralph Lauren (NYSE:RL) PT Raised to $122.00

Ralph Lauren (NYSE:RL – Get Rating) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $119.00 to $122.00 in a report issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.02% from the stock’s current price.

Other research analysts have also issued reports about the company. StockNews.com began coverage on Ralph Lauren in a research note on Thursday, May 18th. They set a “buy” rating for the company. Telsey Advisory Group restated an “outperform” rating and issued a $140.00 target price on shares of Ralph Lauren in a research note on Thursday, February 9th. BMO Capital Markets lowered Ralph Lauren from a “market perform” rating to an “underperform” rating and raised their target price for the company from $96.00 to $100.00 in a research note on Friday, January 27th. Credit Suisse Group raised their target price on Ralph Lauren from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Finally, Bank of America upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the company from $130.00 to $145.00 in a research note on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.62.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $114.00 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.37. The stock has a fifty day moving average price of $113.62 and a two-hundred day moving average price of $113.26. Ralph Lauren has a 52-week low of $82.23 and a 52-week high of $128.94. The firm has a market capitalization of $7.52 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.27 and a beta of 1.39.

Ralph Lauren (NYSE:RL – Get Rating) last released its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.25. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren will post 8.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC lifted its holdings in shares of Ralph Lauren by 1.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 4,400 shares of the textile maker’s stock valued at $465,000 after purchasing an additional 80 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Ralph Lauren by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 6,438 shares of the textile maker’s stock valued at $751,000 after purchasing an additional 96 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Ralph Lauren by 9.9% during the 4th quarter. Fifth Third Bancorp now owns 1,073 shares of the textile maker’s stock valued at $113,000 after purchasing an additional 97 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Ralph Lauren by 3.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,057 shares of the textile maker’s stock valued at $357,000 after purchasing an additional 97 shares in the last quarter. Finally, Keene & Associates Inc. lifted its holdings in shares of Ralph Lauren by 4.0% during the 4th quarter. Keene & Associates Inc. now owns 2,586 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.