Telsey Advisory Group Reaffirms “Outperform” Rating for Ralph Lauren (NYSE:RL)

Ralph Lauren (NYSE:RL)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $435.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 23.05% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. BTIG Research began coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 target price for the company. Barclays reiterated an “overweight” rating and set a $409.00 price objective on shares of Ralph Lauren in a research report on Tuesday, January 6th. Guggenheim initiated coverage on Ralph Lauren in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research report on Thursday, January 8th. Finally, Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a report on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.35.

Ralph Lauren Trading Down 0.4%

Ralph Lauren stock opened at $353.52 on Friday. Ralph Lauren has a one year low of $176.61 and a one year high of $380.00. The business’s fifty day moving average is $362.41 and its 200 day moving average is $328.94. The stock has a market capitalization of $21.44 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business earned $2.54 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, sell-side analysts predict that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RL. Citizens Financial Group Inc. RI boosted its position in shares of Ralph Lauren by 0.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 13,389 shares of the textile maker’s stock valued at $4,735,000 after acquiring an additional 58 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in Ralph Lauren during the fourth quarter valued at $6,474,000. Interchange Capital Partners LLC lifted its position in Ralph Lauren by 44.0% during the fourth quarter. Interchange Capital Partners LLC now owns 1,103 shares of the textile maker’s stock valued at $390,000 after purchasing an additional 337 shares during the last quarter. Vest Financial LLC grew its stake in shares of Ralph Lauren by 177.9% in the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after buying an additional 35,016 shares in the last quarter. Finally, KTF Investments LLC purchased a new position in shares of Ralph Lauren in the 4th quarter worth $384,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.