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Ralph Lauren (NYSE:RL) Price Target Raised to $321.00

Ralph Lauren logo with Consumer Discretionary background

Ralph Lauren (NYSE:RL - Get Free Report) had its price target hoisted by Barclays from $260.00 to $321.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the textile maker's stock. Barclays's price target indicates a potential upside of 17.71% from the stock's current price.

Several other research analysts have also recently weighed in on the company. Wall Street Zen cut Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group set a $262.00 price target on shares of Ralph Lauren in a research report on Tuesday, April 22nd. UBS Group boosted their price objective on shares of Ralph Lauren from $300.00 to $335.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, TD Cowen lifted their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus target price of $281.50.

Check Out Our Latest Stock Report on RL

Ralph Lauren Stock Performance

RL stock traded down $4.71 during midday trading on Friday, reaching $272.71. 203,449 shares of the company were exchanged, compared to its average volume of 838,424. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The business has a 50-day moving average price of $227.23 and a two-hundred day moving average price of $235.10.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.00 by $0.27. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share. Equities research analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after buying an additional 59 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Ralph Lauren during the 1st quarter valued at approximately $33,000. Finally, Brooklyn Investment Group raised its holdings in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

About Ralph Lauren

(Get Free Report)

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.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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