Barclays Increases Ralph Lauren (NYSE:RL) Price Target to $310.00

Ralph Lauren (NYSE:RL) had its target price increased by analysts at Barclays from $257.00 to $310.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target indicates a potential upside of 15.13% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on RL. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. Jefferies Financial Group boosted their target price on Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company raised their price target on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Finally, Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $276.55.

Ralph Lauren Stock Performance

NYSE:RL opened at $269.27 on Thursday. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.86 and a beta of 1.49. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33. The stock’s 50 day simple moving average is $239.00 and its two-hundred day simple moving average is $205.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. As a group, equities analysts anticipate that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. increased its holdings in Ralph Lauren by 4.1% during the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after purchasing an additional 47 shares during the period. M&T Bank Corp grew its position in shares of Ralph Lauren by 3.4% during the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after buying an additional 55 shares in the last quarter. Simmons Bank increased its stake in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after buying an additional 62 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 62 shares in the last quarter. Finally, Commerce Bank lifted its stake in Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares during the period. Institutional investors own 67.91% of the company’s stock.

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.