Ralph Lauren (NYSE:RL) has been assigned a $124.00 target price by analysts at Barclays in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the textile maker’s stock. Barclays’ price objective would suggest a potential upside of 1.31% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $141.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the company a “hold” rating in a report on Tuesday. Buckingham Research increased their target price on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Friday, August 3rd. Finally, Guggenheim reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $137.38.
Shares of NYSE:RL traded down $5.39 during trading on Wednesday, reaching $122.40. The company had a trading volume of 15,170 shares, compared to its average volume of 1,289,988. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.09 and a beta of 0.68. Ralph Lauren has a 12 month low of $83.91 and a 12 month high of $147.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 1.70.
Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a net margin of 3.41% and a return on equity of 15.49%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $1.99 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Ralph Lauren will post 6.7 EPS for the current year.
In other news, Director Michael A. George purchased 1,815 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average price of $137.72 per share, with a total value of $249,961.80. Following the transaction, the director now directly owns 2,897 shares of the company’s stock, valued at approximately $398,974.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.49% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $150,000. Financial Architects Inc lifted its position in shares of Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock worth $158,000 after purchasing an additional 1,042 shares during the period. Visionary Asset Management Inc. purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $203,000. Cadence Capital Management LLC purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $203,000. Finally, Lourd Capital LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth about $205,000. 69.95% of the stock is owned by institutional investors and hedge funds.
Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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