Analysts Set Ralph Lauren Corp (RL) PT at $127.13

Shares of Ralph Lauren Corp (NYSE:RL) have been given a consensus recommendation of “Hold” by the twenty-two brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $130.88.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, June 6th. Buckingham Research raised their price target on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays raised their price target on shares of Ralph Lauren from $114.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Piper Jaffray Companies raised their price target on shares of Ralph Lauren from $104.00 to $125.00 and gave the stock an “underweight” rating in a report on Friday, June 22nd. They noted that the move was a valuation call. Finally, UBS Group assumed coverage on shares of Ralph Lauren in a report on Thursday, June 21st. They issued a “sell” rating and a $110.00 price target on the stock.

In related news, Director Michael A. George bought 1,815 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was purchased at an average cost of $137.72 per share, with a total value of $249,961.80. Following the transaction, the director now owns 2,897 shares in the company, valued at approximately $398,974.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David R. Lauren sold 1,764 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $142.94, for a total transaction of $252,146.16. Following the completion of the sale, the insider now directly owns 633,197 shares of the company’s stock, valued at $90,509,179.18. The disclosure for this sale can be found here. 32.49% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Adviser Investments LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $106,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $112,000. Point72 Hong Kong Ltd purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $150,000. Bray Capital Advisors purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $135,000. Finally, 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. 68.45% of the stock is owned by hedge funds and other institutional investors.

Shares of RL stock traded up $0.69 on Thursday, hitting $132.35. 802,200 shares of the company’s stock traded hands, compared to its average volume of 1,018,692. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.70 and a current ratio of 2.27. Ralph Lauren has a one year low of $83.26 and a one year high of $147.79. The firm has a market cap of $11.06 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.18 and a beta of 0.73.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, July 31st. The textile maker reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.18. Ralph Lauren had a net margin of 3.41% and a return on equity of 15.49%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm earned $1.11 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts forecast that Ralph Lauren will post 6.56 EPS for the current year.

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.

Featured Article: Are Wall Street analysts’ stock ratings worth following?

Analyst Recommendations for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply