Ralph Lauren (NYSE:RL) Stock Rating Upgraded by Argus

Ralph Lauren (NYSE:RL - Get Free Report) was upgraded by investment analysts at Argus from a "hold" rating to a "buy" rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $250.00 target price on the textile maker's stock. Argus' price target points to a potential upside of 8.23% from the company's previous close.

A number of other research firms also recently weighed in on RL. The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Guggenheim increased 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. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $226.27.

Ralph Lauren Price Performance

Ralph Lauren stock traded down $1.24 during mid-day trading on Tuesday, hitting $230.98. The company's stock had a trading volume of 692,386 shares, compared to its average volume of 838,040. The stock has a market capitalization of $14.34 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.69 and a beta of 1.50. Ralph Lauren has a twelve month low of $134.90 and a twelve month high of $237.16. The stock's fifty day moving average price is $218.22 and its two-hundred day moving average price is $192.36. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts forecast that Ralph Lauren will post 11.71 earnings per share for the current year.

Institutional Trading of Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock worth $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock worth $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Ralph Lauren during the 3rd quarter valued at about $94,831,000. Acadian Asset Management LLC boosted its position in Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker's stock valued at $111,760,000 after buying an additional 189,600 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Ralph Lauren by 3,520.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker's stock valued at $21,047,000 after buying an additional 116,910 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

About Ralph Lauren

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.