Ralph Lauren (NYSE:RL) Price Target Lowered to $101.00 at Deutsche Bank Aktiengesellschaft

Ralph Lauren (NYSE:RLGet Rating) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $101.00 in a research note issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 10.82% from the stock’s current price.

RL has been the topic of several other research reports. Telsey Advisory Group decreased their price target on shares of Ralph Lauren from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company cut Ralph Lauren from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $110.00 in a report on Tuesday, April 5th. UBS Group upped their target price on Ralph Lauren from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, February 7th. Credit Suisse Group decreased their price target on shares of Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Finally, Wedbush cut shares of Ralph Lauren from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $150.00 to $127.00 in a research note on Monday, March 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $129.31.

Ralph Lauren stock opened at $91.14 on Wednesday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 13.66 and a beta of 1.38. Ralph Lauren has a one year low of $86.55 and a one year high of $135.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.50. The business has a fifty day moving average price of $107.22 and a 200-day moving average price of $114.72.

Ralph Lauren (NYSE:RLGet Rating) last announced its quarterly earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. Ralph Lauren had a return on equity of 22.59% and a net margin of 8.38%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. Sell-side analysts expect that Ralph Lauren will post 8.16 earnings per share for the current fiscal year.

Ralph Lauren announced that its board has approved a share buyback plan on Thursday, February 3rd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 17.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in RL. Willis Investment Counsel raised its holdings in Ralph Lauren by 0.8% during the 1st quarter. Willis Investment Counsel now owns 124,429 shares of the textile maker’s stock valued at $14,115,000 after buying an additional 935 shares during the period. Virtu Financial LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth about $560,000. Quantamental Technologies LLC boosted its stake in shares of Ralph Lauren by 48.4% during the 1st quarter. Quantamental Technologies LLC now owns 5,840 shares of the textile maker’s stock worth $662,000 after purchasing an additional 1,906 shares during the period. Quantbot Technologies LP bought a new position in Ralph Lauren during the 1st quarter valued at about $467,000. Finally, Royal Bank of Canada lifted its stake in Ralph Lauren by 61.1% in the first quarter. Royal Bank of Canada now owns 186,370 shares of the textile maker’s stock worth $21,142,000 after purchasing an additional 70,684 shares during the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Ralph Lauren Company Profile (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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