Ralph Lauren (NYSE:RL) Price Target Increased to $197.00 by Analysts at TD Cowen

Ralph Lauren (NYSE:RL - Get Free Report) had its price target lifted by research analysts at TD Cowen from $192.00 to $197.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the textile maker's stock. TD Cowen's target price would suggest a potential upside of 17.23% from the company's previous close.

A number of other analysts have also recently issued reports on RL. Raymond James boosted their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an "outperform" rating in a research report on Tuesday, January 30th. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, January 22nd. Wells Fargo & Company boosted their price objective on Ralph Lauren from $160.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, March 4th. Jefferies Financial Group assumed coverage on Ralph Lauren in a research note on Tuesday, April 30th. They set a "buy" rating and a $195.00 price target on the stock. Finally, UBS Group upped their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus price target of $163.08.

Ralph Lauren Stock Performance

RL traded up $2.88 on Thursday, hitting $168.04. The company had a trading volume of 583,344 shares, compared to its average volume of 970,976. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The company's fifty day moving average price is $173.89 and its 200 day moving average price is $152.27. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. Ralph Lauren has a 1-year low of $103.17 and a 1-year high of $192.03.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, topping the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.35 EPS. Equities analysts predict that Ralph Lauren will post 10.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Ralph Lauren by 49.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,938 shares of the textile maker's stock valued at $5,997,000 after buying an additional 10,626 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Ralph Lauren by 27.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 44,319 shares of the textile maker's stock valued at $8,321,000 after buying an additional 9,565 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Ralph Lauren by 11.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker's stock valued at $11,968,000 after buying an additional 6,378 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Ralph Lauren by 322.1% in the first quarter. Russell Investments Group Ltd. now owns 30,839 shares of the textile maker's stock valued at $5,760,000 after buying an additional 23,533 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Ralph Lauren in the first quarter valued at approximately $974,000. 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.