Ralph Lauren (NYSE:RL) Price Target Raised to $280.00 at The Goldman Sachs Group

Ralph Lauren (NYSE:RL - Get Free Report) had its target price raised by analysts at The Goldman Sachs Group from $220.00 to $280.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 2.92% from the stock's previous close.

Several other research analysts also recently commented on RL. Guggenheim raised their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group raised their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Barclays raised their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, TD Cowen raised their target price 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average price target of $276.55.

Ralph Lauren Price Performance

Shares of RL stock traded up $3.51 on Friday, reaching $272.06. The company's stock had a trading volume of 724,901 shares, compared to its average volume of 780,563. The stock's fifty day simple moving average is $239.70 and its 200-day simple moving average is $207.17. Ralph Lauren has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts forecast that Ralph Lauren will post 11.73 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

Institutional investors have recently bought and sold shares of the stock. Burney Co. acquired a new stake in Ralph Lauren in the 4th quarter worth approximately $5,711,000. Charles Schwab Investment Management Inc. boosted its stake in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock worth $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Bridgewater Associates LP boosted its stake in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after purchasing an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ralph Lauren in the 3rd quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC boosted its stake in 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 worth $2,752,000 after purchasing an additional 2,880 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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.