Ralph Lauren (NYSE:RL) Now Covered by Raymond James

Posted by Defense World Staff on Sep 23rd, 2023

Stock analysts at Raymond James initiated coverage on shares of Ralph Lauren (NYSE:RL – Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $135.00 price target on the textile maker’s stock. Raymond James’ target price would suggest a potential upside of 20.39% from the company’s current price.

Several other analysts also recently weighed in on the company. TheStreet upgraded Ralph Lauren from a “c+” rating to a “b” rating in a research report on Thursday, August 10th. UBS Group boosted their price objective on Ralph Lauren from $168.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Guggenheim upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Monday, September 18th. Wedbush reiterated a “neutral” rating and issued a $125.00 price objective on shares of Ralph Lauren in a research report on Friday, August 11th. Finally, StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Check Out Our Latest Report on RL

Ralph Lauren Stock Performance

NYSE:RL opened at $112.14 on Thursday. The business has a 50 day moving average of $120.75 and a 200 day moving average of $117.74. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.90 and a beta of 1.42. Ralph Lauren has a 1-year low of $82.23 and a 1-year high of $135.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.18 and a quick ratio of 1.43.

Ralph Lauren (NYSE:RL – Get Free Report) last released its earnings results on Thursday, August 10th. The textile maker reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.19. Ralph Lauren had a return on equity of 24.97% and a net margin of 8.24%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $1.88 EPS. Ralph Lauren’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict that Ralph Lauren will post 9.48 earnings per share for the current fiscal year.

Insider Activity at Ralph Lauren

In related news, CEO Patrice Louvet sold 9,272 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $125.00, for a total transaction of $1,159,000.00. Following the sale, the chief executive officer now directly owns 193,060 shares of the company’s stock, valued at $24,132,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 39.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Delphi Management Inc. MA purchased a new position in Ralph Lauren in the second quarter worth about $1,335,000. Osaic Holdings Inc. lifted its position in shares of Ralph Lauren by 35.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,854 shares of the textile maker’s stock valued at $607,000 after buying an additional 1,265 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ralph Lauren by 8.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 133,647 shares of the textile maker’s stock valued at $16,479,000 after buying an additional 10,462 shares in the last quarter. GTS Securities LLC purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at about $1,785,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of Ralph Lauren during the 2nd quarter valued at about $1,768,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

About Ralph Lauren

(Get Free Report)

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.