Ralph Lauren (NYSE:RL) Stock Rating Upgraded by The Goldman Sachs Group

Ralph Lauren (NYSE:RL) was upgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage presently has a $286.00 price target on the textile maker’s stock, up from their prior price target of $280.00. The Goldman Sachs Group’s price target indicates a potential upside of 29.98% from the company’s previous close.

RL has been the subject of several other reports. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.62.

Ralph Lauren Stock Down 0.1 %

Shares of NYSE RL opened at $220.03 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33. The firm has a 50-day moving average price of $253.47 and a 200 day moving average price of $223.17. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts anticipate that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Huntington National Bank lifted its position in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after buying an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd lifted its position in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares in the last quarter. 67.91% 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. 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.