Ralph Lauren (NYSE:RL) Price Target Raised to $430.00

Key Points

• JPMorgan Chase & Co. raised Ralph Lauren's price target from $423.00 to $430.00, indicating a potential upside of 42.01% from the current stock price.
• Other analysts have also expressed positive sentiments, with numerous upgrades including a shift from "hold" to "buy" ratings by Wall Street Zen.
• Ralph Lauren reported strong earnings with an EPS of $3.77 for the last quarter, surpassing expectations and achieving a revenue increase of 13.7% year-over-year.

Ralph Lauren (NYSE:RL - Get Free Report) had its target price hoisted by analysts at JPMorgan Chase & Co. from $423.00 to $430.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the textile maker's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 42.01% from the stock's current price.

A number of other analysts have also recently weighed in on RL. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Barclays cut their price objective on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. Wells Fargo & Company increased their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, Zacks Research raised Ralph Lauren to a "strong-buy" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.82.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $302.79 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The stock has a market cap of $18.34 billion, a PE ratio of 24.18, a P/E/G ratio of 1.58 and a beta of 1.60. Ralph Lauren has a 12-month low of $176.61 and a 12-month high of $321.77. The business's 50-day moving average price is $300.40 and its two-hundred day moving average price is $265.84.

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

Institutional Trading of Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Hantz Financial Services Inc. boosted its stake in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker's stock valued at $26,000 after purchasing an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren during the second quarter valued at $28,000. MUFG Securities EMEA plc acquired a new stake in Ralph Lauren during the 2nd quarter worth about $32,000. MassMutual Private Wealth & Trust FSB raised 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 worth $27,000 after acquiring an additional 59 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its stake in shares of Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds 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.

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