Ralph Lauren's (RL) Outperform Rating Reiterated at Telsey Advisory Group

Ralph Lauren (NYSE:RL - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $315.00 target price on the textile maker's stock. Telsey Advisory Group's target price suggests a potential upside of 18.69% from the company's current price.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price objective on shares of Ralph Lauren in a research report on Friday, May 23rd. Wells Fargo & Company lifted their price objective on Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Barclays boosted their target price on Ralph Lauren from $260.00 to $321.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. The Goldman Sachs Group boosted their target price on Ralph Lauren from $262.00 to $324.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Cfra Research downgraded Ralph Lauren from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $292.88.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $265.39 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.78 and a quick ratio of 1.33. The company has a market capitalization of $16.01 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33. The business has a 50 day simple moving average of $248.25 and a 200 day simple moving average of $242.72.

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, topping the consensus estimate of $2.00 by $0.27. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. Ralph Lauren's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.71 EPS. On average, sell-side analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren announced that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the textile maker to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently modified their holdings of RL. Triglav Skladi D.O.O. bought a new stake in Ralph Lauren during the fourth quarter worth about $10,872,000. Citizens Financial Group Inc. RI bought a new stake in Ralph Lauren in the fourth quarter valued at approximately $3,014,000. Amundi lifted its position in shares of Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after buying an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. acquired a new position in shares of Ralph Lauren during the 4th quarter worth approximately $2,264,000. Finally, OFI Invest Asset Management acquired a new position in shares of Ralph Lauren during the 4th quarter worth approximately $6,872,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Company Profile

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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