Guggenheim Forecasts Strong Price Appreciation for Ralph Lauren (NYSE:RL) Stock

Ralph Lauren (NYSE:RL - Get Free Report) had its price objective increased by equities research analysts at Guggenheim from $285.00 to $310.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the textile maker's stock. Guggenheim's price target indicates a potential upside of 14.43% from the company's previous close.

A number of other equities analysts also recently commented on the stock. UBS Group raised their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $276.55.

Ralph Lauren Stock Performance

Shares of NYSE RL traded up $2.37 during trading hours on Friday, hitting $270.92. 335,280 shares of the stock were exchanged, compared to its average volume of 765,313. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18. The company's 50 day moving average is $239.70 and its 200 day moving average is $207.17. The firm has a market capitalization of $16.82 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.03 and a beta of 1.49. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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%. On average, research analysts expect that Ralph Lauren will post 11.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RL. Lord Abbett & CO. LLC bought a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $94,831,000. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock valued at $221,007,000 after purchasing an additional 137,631 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at $19,320,000. Atreides Management LP raised its position in shares of Ralph Lauren by 28.3% during the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock valued at $73,182,000 after buying an additional 83,349 shares in the last quarter. Finally, Holocene Advisors LP raised its position in shares of Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after buying an additional 78,008 shares in the last quarter. 67.91% of the stock is owned by 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.