Ralph Lauren (NYSE:RL) PT Lowered to $130.00

Ralph Lauren (NYSE:RLGet Rating) had its target price lowered by analysts at Credit Suisse Group from $165.00 to $130.00 in a research note issued to investors on Wednesday, The Fly reports. Credit Suisse Group’s price objective indicates a potential upside of 27.45% from the stock’s current price.

Several other equities research analysts also recently issued reports on RL. Deutsche Bank Aktiengesellschaft dropped their price objective on Ralph Lauren from $136.00 to $116.00 in a report on Monday. Zacks Investment Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating and set a $115.00 price target for the company. in a report on Thursday, March 10th. Wedbush downgraded Ralph Lauren from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $150.00 to $127.00 in a report on Monday, March 7th. StockNews.com started coverage on Ralph Lauren in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Cowen boosted their price objective on Ralph Lauren from $162.00 to $171.00 in a research report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $132.86.

Shares of NYSE:RL opened at $102.00 on Wednesday. The company has a market cap of $7.26 billion, a P/E ratio of 15.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 1.88. Ralph Lauren has a one year low of $91.54 and a one year high of $140.24. The business’s 50-day simple moving average is $108.89 and its 200 day simple moving average is $115.83.

Ralph Lauren announced that its board has approved a share buyback program on Thursday, February 3rd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the textile maker to reacquire up to 17.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the company. HS Management Partners LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth $173,153,000. Balyasny Asset Management LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth $50,673,000. Russell Investments Group Ltd. raised its position in shares of Ralph Lauren by 79.4% during the first quarter. Russell Investments Group Ltd. now owns 987,527 shares of the textile maker’s stock worth $114,220,000 after purchasing an additional 437,147 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ralph Lauren by 392.1% during the third quarter. Goldman Sachs Group Inc. now owns 528,841 shares of the textile maker’s stock worth $58,722,000 after purchasing an additional 421,376 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Ralph Lauren during the first quarter worth $40,466,000. 99.89% of the stock is currently owned by institutional investors.

About Ralph Lauren (Get Rating)

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 and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, 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, lighting, tabletop, floor coverings, and giftware; and fragrances.

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