Ralph Lauren Corporation (NYSE:RL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Ralph Lauren has a “Moderate Buy” consensus from 18 analysts, with 16 buy ratings and two hold ratings. The average 12-month price target is approximately $445.67.
• Several firms recently raised their price targets, including UBS to $520, BTIG Research to $460, Needham to $450, and Citigroup to $455; Wall Street Zen separately downgraded the stock to hold.
• Ralph Lauren exceeded quarterly expectations, reporting $4.59 in EPS versus a $4.32 estimate and $1.96 billion in revenue versus $1.87 billion expected. Revenue increased 13.9% year over year, while institutional investors own 67.91% of the shares.

Shares of Ralph Lauren Corporation (NYSE:RL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $445.6667.

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a "buy" rating in a report on Friday, August 7th. BTIG Research raised their price objective on Ralph Lauren from $450.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Needham & Company LLC increased their price target on Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Citigroup raised their price target on Ralph Lauren from $400.00 to $455.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Wall Street Zen downgraded Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Saturday.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds have recently bought and sold shares of the business. Blueline Advisors LLC purchased a new position in shares of Ralph Lauren in the 4th quarter worth $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $27,000. Continuum Advisory LLC bought a new position in shares of Ralph Lauren in the 2nd quarter valued at about $41,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the 2nd quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in Ralph Lauren in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

NYSE RL opened at $351.08 on Friday. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $378.68 and a 200-day moving average price of $369.97. Ralph Lauren has a twelve month low of $299.98 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $3.77 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts predict that Ralph Lauren will post 18.79 EPS for the current fiscal year.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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