Ralph Lauren (NYSE:RL) Coverage Initiated by Analysts at BTIG Research

Key Points

• BTIG Research has initiated coverage of Ralph Lauren (NYSE:RL), providing a "buy" rating on the stock, indicating positive sentiment from analysts.
• Ralph Lauren's quarterly earnings exceeded expectations, reporting $3.77 earnings per share and a revenue increase of 13.7% year-over-year, showcasing strong financial performance.
• As of now, Ralph Lauren has an average rating of "Moderate Buy" from analysts, with three analysts rated it as Strong Buy while 15 rated it as Buy.

Investment analysts at BTIG Research started coverage on shares of Ralph Lauren (NYSE:RL - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating on the textile maker's stock.

Several other research analysts also recently commented on RL. Needham & Company LLC lifted their price target on Ralph Lauren from $335.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Barclays dropped their price target on Ralph Lauren from $353.00 to $352.00 and set an "overweight" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $423.00 to $430.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Jefferies Financial Group lifted their price target on Ralph Lauren from $325.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Finally, Zacks Research raised Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $324.89.

Ralph Lauren Stock Up 0.1%

Shares of RL stock opened at $318.16 on Tuesday. The stock's 50 day simple moving average is $306.33 and its 200 day simple moving average is $274.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren has a twelve month low of $176.61 and a twelve month high of $330.11. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.59 and a beta of 1.61.

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

Institutional Trading of Ralph Lauren

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in 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 buying an additional 275,391 shares in the last quarter. AQR Capital Management LLC boosted its stake in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock worth $245,468,000 after purchasing an additional 414,275 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ralph Lauren by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker's stock worth $277,818,000 after purchasing an additional 15,785 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker's stock worth $276,407,000 after purchasing an additional 117,494 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock worth $264,225,000 after purchasing an additional 952,681 shares in the last quarter. 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.