Ralph Lauren (NYSE:RL) Given New $285.00 Price Target at Jefferies Financial Group

Ralph Lauren (NYSE:RL - Get Free Report) had its price target increased by analysts at Jefferies Financial Group from $280.00 to $285.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the textile maker's stock. Jefferies Financial Group's price target suggests a potential upside of 10.62% from the stock's previous close.

A number of other equities research analysts have also weighed in on RL. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Wells Fargo & Company raised their target price on Ralph Lauren from $215.00 to $225.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. UBS Group increased their price target on Ralph Lauren from $315.00 to $335.00 and gave the company a "buy" rating in a report on Monday. Guggenheim lifted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.45.

Ralph Lauren Stock Up 4.0 %

Ralph Lauren stock traded up $9.92 during trading on Tuesday, reaching $257.63. 613,552 shares of the company's stock were exchanged, compared to its average volume of 660,475. The company's 50-day moving average is $231.80 and its two-hundred day moving average is $200.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren has a 52-week low of $142.26 and a 52-week high of $257.90. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.85 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. On average, analysts predict that Ralph Lauren will post 11.75 earnings per share for the current year.

Hedge Funds Weigh In On Ralph Lauren

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

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