Ralph Lauren (NYSE:RL) Stock Picked Up by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage of Ralph Lauren with an “overweight” rating and a $426 price target, implying 6.7% upside from the prior close.
• Analyst sentiment is broadly positive: 16 analysts rate the stock Buy and two rate it Hold, with a consensus “Moderate Buy” rating and an average price target of $448.20.
• Ralph Lauren beat quarterly expectations, reporting EPS of $4.64 versus $4.26 forecast and revenue of $2.19 billion versus $2.13 billion; revenue rose 9.1% year over year.

Research analysts at Cantor Fitzgerald assumed coverage on shares of Ralph Lauren (NYSE:RL - Get Free Report) in a research report issued on Tuesday, MarketBeat.com reports. The firm set an "overweight" rating and a $426.00 price target on the textile maker's stock. Cantor Fitzgerald's price target indicates a potential upside of 6.70% from the stock's previous close.

Several other research analysts have also recently issued reports on RL. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. BTIG Research upped their price target on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a "buy" rating in a report on Friday, August 7th. Evercore reaffirmed an "outperform" rating and set a $460.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Weiss Ratings lowered Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $448.20.

Ralph Lauren Stock Performance

RL opened at $399.27 on Tuesday. Ralph Lauren has a 12-month low of $317.23 and a 12-month high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $23.79 billion, a PE ratio of 22.92, a P/E/G ratio of 1.86 and a beta of 1.30. The firm has a 50 day moving average of $364.87 and a two-hundred day moving average of $367.90.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, beating the consensus estimate of $4.26 by $0.38. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.13 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.79 EPS. On average, analysts anticipate that Ralph Lauren will post 19.01 EPS for the current year.

Institutional Trading of Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Continuum Advisory LLC acquired a new position in shares of Ralph Lauren in the second quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Ralph Lauren by 154.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker's stock valued at $45,000 after acquiring an additional 79 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $58,000. Parkside Financial Bank & Trust increased its stake in shares of Ralph Lauren by 27.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker's stock valued at $72,000 after purchasing an additional 38 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. increased its stake in shares of Ralph Lauren by 5,000.0% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 255 shares of the textile maker's stock valued at $91,000 after purchasing an additional 250 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 is a global designer, marketer and distributor of premium lifestyle products. Founded by Ralph Lauren in 1967 with a collection of men's ties, the company has grown into a fashion and lifestyle business built around its namesake brand and Polo Ralph Lauren.

Its products include apparel, footwear, accessories, fragrances and home furnishings. The company sells through department stores and other wholesale partners, as well as its own retail stores and e-commerce channels, and also licenses its brands for selected products and services.

Ralph Lauren serves customers in North America, Europe and Asia, among other markets.

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