Ralph Lauren (NYSE:RL) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ralph Lauren to “Buy” from “Hold.” The broader analyst consensus is “Moderate Buy,” with 16 Buy ratings, two Holds, and an average price target of $445.67.
• Ralph Lauren’s latest quarterly results exceeded expectations, with EPS of $4.59 versus the $4.32 estimate and revenue of $1.96 billion versus $1.87 billion expected. Revenue increased 13.9% year over year.
• The stock opened at $371.69, compared with a 12-month range of $284.32 to $421.60, while institutional investors own approximately 67.91% of the company.

Ralph Lauren (NYSE:RL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

A number of other research firms have also recently commented on RL. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. BTIG Research lifted their target price on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $445.67.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $371.69 on Friday. The firm has a fifty day simple moving average of $390.37 and a two-hundred day simple moving average of $370.15. Ralph Lauren has a twelve month low of $284.32 and a twelve month high of $421.60. 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 company has a market capitalization of $22.15 billion, a PE ratio of 23.42, a P/E/G ratio of 1.40 and a beta of 1.35.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping analysts' consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business posted $3.77 earnings per share. The business's quarterly revenue was up 13.9% on a year-over-year basis. Research analysts expect that Ralph Lauren will post 18.79 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock valued at $758,000 after acquiring an additional 174 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ralph Lauren by 0.9% during the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock valued at $2,723,000 after purchasing an additional 114 shares during the last quarter. Woodline Partners LP grew its position in shares of Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock valued at $744,000 after purchasing an additional 954 shares in the last quarter. Focus Partners Wealth grew its position in shares of Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock valued at $841,000 after purchasing an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Ralph Lauren in the second quarter worth about $386,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Company Profile

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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