Telsey Advisory Group Issues Positive Forecast for Ralph Lauren (NYSE:RL) Stock Price

Key Points

• Telsey Advisory Group raised its price target for Ralph Lauren from $335.00 to $350.00, indicating a potential upside of 11.08% from the current stock price, while maintaining an "outperform" rating.
• Ralph Lauren reported $3.77 earnings per share for the last quarter, exceeding analysts' expectations and showing a 13.7% year-over-year revenue increase to $1.72 billion.
• The company has authorized a $1.50 billion share buyback plan, suggesting confidence from management in the stock's undervaluation.

Ralph Lauren (NYSE:RL - Get Free Report) had its target price boosted by Telsey Advisory Group from $335.00 to $350.00 in a research note issued on Wednesday, Marketbeat reports. The firm currently has an "outperform" rating on the textile maker's stock. Telsey Advisory Group's price target indicates a potential upside of 12.19% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. UBS Group lifted their target price on Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $355.00 to $406.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, BMO Capital Markets boosted their price objective on Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $311.41.

Ralph Lauren Stock Down 0.6%

Shares of RL traded down $2.00 during midday trading on Wednesday, reaching $311.98. 1,432,535 shares of the stock were exchanged, compared to its average volume of 569,889. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $321.77. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company's 50 day moving average is $298.68 and its two-hundred day moving average is $263.90. The company has a market capitalization of $18.90 billion, a P/E ratio of 24.92, a PEG ratio of 1.58 and a beta of 1.60.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.50 by $0.27. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business's revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 EPS. On average, sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock valued at $333,958,000 after purchasing an additional 275,391 shares during the period. AQR Capital Management LLC boosted its position in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock valued at $245,468,000 after purchasing an additional 414,275 shares during the period. Geode Capital Management LLC boosted its position in shares of Ralph Lauren by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker's stock valued at $277,818,000 after purchasing an additional 15,785 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker's stock valued at $276,407,000 after purchasing an additional 117,494 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

About Ralph Lauren

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.