Ralph Lauren (NYSE:RL) Earns “Buy” Rating from Needham & Company LLC

Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a report issued on Friday,Benzinga reports. They presently have a $310.00 target price on the textile maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 12.87% from the stock’s current price.

Several other research firms have also issued reports on RL. Guggenheim upped their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. TD Cowen upped their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective on Ralph Lauren from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $277.29.

Ralph Lauren Stock Performance

RL opened at $274.65 on Friday. Ralph Lauren has a 52-week low of $155.96 and a 52-week high of $289.33. The firm has a market capitalization of $16.96 billion, a PE ratio of 25.06, a PEG ratio of 1.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The business’s 50-day simple moving average is $222.67 and its 200 day simple moving average is $233.16.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Ralph Lauren by 93.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC grew its position in Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock worth $31,000 after buying an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Ralph Lauren during the first quarter worth approximately $33,000. Finally, Brooklyn Investment Group grew its position in Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after buying an additional 110 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.