Ralph Lauren (NYSE:RL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Ralph Lauren (NYSE:RL) had its price objective upped by investment analysts at Evercore ISI from $385.00 to $415.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price objective would indicate a potential upside of 17.22% from the company’s previous close.

RL has been the subject of several other research reports. Guggenheim initiated coverage on Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. BTIG Research assumed coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price objective for the company. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Argus upped their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $377.71.

Ralph Lauren Stock Down 0.7%

Ralph Lauren stock opened at $354.03 on Monday. The firm has a 50 day moving average price of $362.34 and a 200-day moving average price of $330.20. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. Ralph Lauren has a twelve month low of $176.61 and a twelve month high of $380.00. The company has a market capitalization of $21.47 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.58 and a beta of 1.49.

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

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors have recently made changes to their positions in the business. Broad Peak Investment Advisers Pte Ltd purchased a new position in Ralph Lauren during the 2nd quarter valued at about $6,308,000. JPMorgan Chase & Co. grew its holdings in Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after purchasing an additional 117,494 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Ralph Lauren by 18.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after purchasing an additional 5,075 shares in the last quarter. Winnow Wealth LLC purchased a new position in shares of Ralph Lauren during the third quarter valued at approximately $899,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Ralph Lauren by 159.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock worth $3,171,000 after purchasing an additional 6,213 shares in the last quarter. Hedge funds and other 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.