Ralph Lauren (NYSE:RL) had its target price hoisted by investment analysts at Buckingham Research from $112.00 to $130.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the textile maker’s stock. Buckingham Research’s price target points to a potential downside of 2.50% from the stock’s previous close.
A number of other analysts have also commented on RL. Piper Jaffray Companies set a $109.00 target price on shares of Ralph Lauren and gave the stock a “sell” rating in a report on Tuesday, January 30th. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group lifted their target price on shares of Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Nomura lifted their price target on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $113.00 price target on shares of Ralph Lauren in a research report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.19.
RL opened at $133.33 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. Ralph Lauren has a 52 week low of $66.06 and a 52 week high of $136.43. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.63.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Adviser Investments LLC bought a new stake in Ralph Lauren in the 1st quarter valued at $106,000. O Shaughnessy Asset Management LLC bought a new stake in Ralph Lauren in the 1st quarter valued at $112,000. Bray Capital Advisors bought a new stake in Ralph Lauren in the 1st quarter valued at $135,000. Rampart Investment Management Company LLC lifted its position in Ralph Lauren by 118.2% in the 1st quarter. Rampart Investment Management Company LLC now owns 1,628 shares of the textile maker’s stock valued at $182,000 after acquiring an additional 882 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in Ralph Lauren in the 4th quarter valued at $201,000. 69.61% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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