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Ralph Lauren's (RL) "Buy" Rating Reiterated at BTIG Research

Ralph Lauren logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • BTIG Research reiterated its Buy rating on Ralph Lauren and set a $450 price target, implying about 20% upside from the current share price.
  • Ralph Lauren recently beat fiscal Q4 expectations, reporting EPS of $2.80 on $1.98 billion in revenue, both above analyst estimates, with revenue up 16.6% year over year.
  • Analyst sentiment remains broadly positive: the stock has 16 Buy ratings versus 3 Holds and 1 Sell, and the consensus target price is about $404.94.
  • MarketBeat previews top five stocks to own in June.

Ralph Lauren (NYSE:RL - Get Free Report)'s stock had its "buy" rating restated by BTIG Research in a research note issued on Friday,Benzinga reports. They currently have a $450.00 price objective on the textile maker's stock. BTIG Research's price target indicates a potential upside of 20.04% from the company's current price.

RL has been the subject of a number of other research reports. Zacks Research cut shares of Ralph Lauren from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Jefferies Financial Group cut their price objective on shares of Ralph Lauren from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. Bank of America boosted their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Finally, Wells Fargo & Company set a $415.00 price objective on shares of Ralph Lauren and gave the company an "overweight" rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $404.94.

Check Out Our Latest Stock Report on RL

Ralph Lauren Stock Performance

Shares of RL opened at $374.87 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a market cap of $22.69 billion, a P/E ratio of 25.52, a PEG ratio of 1.12 and a beta of 1.37. The company has a 50-day moving average of $353.22 and a two-hundred day moving average of $355.10. Ralph Lauren has a 12-month low of $258.13 and a 12-month high of $393.41.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.85 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. As a group, research analysts predict that Ralph Lauren will post 16.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

A number of institutional investors have recently bought and sold shares of RL. Blueline Advisors LLC purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren in the second quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $29,000. Finally, Rothschild Investment LLC grew its holdings in Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after purchasing an additional 38 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Ralph Lauren

Here are the key news stories impacting Ralph Lauren this week:

About Ralph Lauren

(Get Free Report)

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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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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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