Ralph Lauren (NYSE:RL) Price Target Raised to $112.00

Ralph Lauren (NYSE:RL) had its price target lifted by UBS Group from $102.00 to $112.00 in a report released on Thursday, The Fly reports. UBS Group currently has a neutral rating on the textile maker’s stock. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of Ralph Lauren from an overweight rating to a neutral rating in a research note on Tuesday, July 30th. Credit Suisse Group reduced their target price on shares of Ralph Lauren from $158.00 to $145.00 and set an outperform rating for the company in a research note on Wednesday, July 31st. Guggenheim restated a hold rating on shares of Ralph Lauren in a research note on Thursday, November 7th. Piper Jaffray Companies raised their target price on shares of Ralph Lauren from $91.00 to $102.00 and gave the stock a neutral rating in a research note on Friday, November 8th. Finally, ValuEngine upgraded shares of Ralph Lauren from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $127.50.

Shares of RL stock traded up $1.22 during mid-day trading on Thursday, hitting $112.61. The stock had a trading volume of 656,266 shares, compared to its average volume of 1,300,928. Ralph Lauren has a fifty-two week low of $82.69 and a fifty-two week high of $133.63. The firm has a market cap of $8.31 billion, a PE ratio of 15.66, a PEG ratio of 2.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.37. The company’s 50-day simple moving average is $97.82 and its 200-day simple moving average is $104.11.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.16. Ralph Lauren had a net margin of 7.08% and a return on equity of 19.52%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business earned $2.26 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, analysts expect that Ralph Lauren will post 7.69 EPS for the current year.

In related news, major shareholder Family L.L.C. Lauren sold 107,142 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $99.74, for a total value of $10,686,343.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jane Nielsen sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $113.84, for a total transaction of $1,138,400.00. Following the transaction, the chief financial officer now owns 65,308 shares of the company’s stock, valued at $7,434,662.72. The disclosure for this sale can be found here. Insiders sold 402,854 shares of company stock valued at $39,756,662 in the last quarter. Company insiders own 34.26% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Securian Asset Management Inc increased its holdings in Ralph Lauren by 2.1% during the 2nd quarter. Securian Asset Management Inc now owns 5,354 shares of the textile maker’s stock valued at $608,000 after acquiring an additional 109 shares in the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of Ralph Lauren by 11.6% during the third quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock worth $135,000 after buying an additional 147 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in shares of Ralph Lauren by 40.3% during the second quarter. CSat Investment Advisory L.P. now owns 515 shares of the textile maker’s stock worth $59,000 after buying an additional 148 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Ralph Lauren by 1.0% during the third quarter. DNB Asset Management AS now owns 16,620 shares of the textile maker’s stock worth $1,587,000 after buying an additional 163 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Ralph Lauren by 0.4% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 48,420 shares of the textile maker’s stock worth $4,623,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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