Citigroup Has Lowered Expectations for Ralph Lauren (NYSE:RL) Stock Price

Ralph Lauren (NYSE:RL - Get Free Report) had its price objective dropped by equities research analysts at Citigroup from $282.00 to $219.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. Citigroup's price target would suggest a potential upside of 10.67% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. TD Cowen increased their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Needham & Company LLC assumed coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price on the stock. Finally, The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $277.43.

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Ralph Lauren Price Performance

Shares of NYSE:RL traded up $3.22 on Monday, reaching $197.89. 975,330 shares of the company were exchanged, compared to its average volume of 847,618. The company has a 50-day moving average of $239.60 and a 200-day moving average of $227.56. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Institutional investors have recently made changes to their positions in the stock. Burney Co. acquired a new position in shares of Ralph Lauren in the 4th quarter valued at about $5,711,000. Citizens Financial Group Inc. RI acquired a new position in Ralph Lauren during the fourth quarter valued at approximately $3,014,000. Amundi grew its stake in Ralph Lauren by 8.3% during the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock worth $47,444,000 after buying an additional 14,889 shares during the period. Keystone Investors PTE Ltd. acquired a new stake in shares of Ralph Lauren in the fourth quarter worth $2,264,000. Finally, CWA Asset Management Group LLC raised its stake in shares of Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock valued at $2,752,000 after acquiring an additional 2,880 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

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.