Ralph Lauren (NYSE:RL) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ralph Lauren (NYSE:RL) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating on the textile maker’s stock.

Several other equities research analysts have also recently commented on RL. Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. TD Cowen increased their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Jefferies Financial Group lifted their price target on shares of Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, BTIG Research began coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $373.75.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $369.88 on Thursday. The company has a fifty day moving average price of $351.98 and a 200 day moving average price of $320.17. The firm has a market cap of $22.43 billion, a PE ratio of 27.34, a PEG ratio of 1.78 and a beta of 1.49. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Ralph Lauren has a 1-year low of $176.61 and a 1-year high of $380.00.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.34. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. Research analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Ralph Lauren in the second quarter valued at $6,308,000. JPMorgan Chase & Co. grew its stake in Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after buying an additional 117,494 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in Ralph Lauren in the 2nd quarter valued at about $309,000. Wealthfront Advisers LLC bought a new position in Ralph Lauren in the 2nd quarter valued at about $286,000. Finally, Entropy Technologies LP bought a new stake in shares of Ralph Lauren during the second quarter worth approximately $3,902,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.