Ralph Lauren (NYSE:RL) Stock Rating Reaffirmed by Telsey Advisory Group

Ralph Lauren (NYSE:RL)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report issued on Wednesday, Benzinga reports. They currently have a $195.00 price target on the textile maker’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 18.93% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. TD Cowen lowered their target price on shares of Ralph Lauren from $202.00 to $196.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. UBS Group increased their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Finally, Guggenheim restated a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $170.42.

Ralph Lauren Trading Down 0.6 %

Shares of RL traded down $0.99 during trading hours on Wednesday, hitting $163.96. The company had a trading volume of 151,072 shares, compared to its average volume of 941,418. The firm has a market cap of $10.25 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.34 and a beta of 1.51. The stock’s 50 day moving average price is $176.28 and its 200 day moving average price is $172.30. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. Ralph Lauren has a 52-week low of $108.60 and a 52-week high of $192.03.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts predict that Ralph Lauren will post 11.08 EPS for the current year.

Insider Activity

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of Ralph Lauren stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $171.25, for a total value of $11,515,363.75. Following the completion of the sale, the chief operating officer now owns 44,591 shares in the company, valued at approximately $7,636,208.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.50% of the stock is currently owned by insiders.

Institutional Trading of Ralph Lauren

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners grew its holdings in shares of Ralph Lauren by 67.2% during the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after purchasing an additional 487,882 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Ralph Lauren by 15,903.6% in the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares during the period. Jennison Associates LLC lifted its position in shares of Ralph Lauren by 71.6% during the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after acquiring an additional 331,413 shares during the period. Swedbank AB acquired a new position in shares of Ralph Lauren during the 1st quarter valued at $61,022,000. Finally, Los Angeles Capital Management LLC increased its stake in Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.