Telsey Advisory Group Reaffirms Outperform Rating for Ralph Lauren (NYSE:RL)

Ralph Lauren (NYSE:RL)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $265.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 6.29% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Barclays increased their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Guggenheim lifted their price objective on Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.73.

Ralph Lauren Trading Up 1.0 %

Ralph Lauren stock opened at $249.31 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 12 month low of $146.00 and a 12 month high of $260.77. The company’s fifty day simple moving average is $237.24 and its 200-day simple moving average is $204.67. The stock has a market cap of $15.48 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.86 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.10 EPS. As a group, sell-side analysts forecast that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new position in Ralph Lauren during the 3rd quarter worth $94,831,000. Pacer Advisors Inc. lifted its stake in shares of Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after acquiring an additional 137,631 shares during the period. World Investment Advisors LLC bought a new position in Ralph Lauren in the third quarter valued at about $19,320,000. Atreides Management LP increased its position in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after purchasing an additional 83,349 shares during the period. Finally, Holocene Advisors LP raised its holdings in Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

About Ralph Lauren

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.