Cowen Lowers Ralph Lauren (NYSE:RL) Price Target to $128.00

Ralph Lauren (NYSE:RLGet Rating) had its target price decreased by equities research analysts at Cowen from $142.00 to $128.00 in a research note issued to investors on Wednesday, The Fly reports. Cowen’s target price would indicate a potential upside of 26.91% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ralph Lauren from $101.00 to $99.00 and set a “hold” rating on the stock in a research note on Monday, August 1st. Barclays raised their price target on shares of Ralph Lauren from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. The Goldman Sachs Group decreased their price target on shares of Ralph Lauren from $85.00 to $78.00 and set a “sell” rating on the stock in a research note on Thursday, July 21st. UBS Group decreased their price target on shares of Ralph Lauren from $162.00 to $129.00 in a research note on Friday, July 15th. Finally, Wells Fargo & Company decreased their price target on shares of Ralph Lauren to $95.00 in a research note on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren has an average rating of “Hold” and an average price target of $120.00.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $100.86 on Wednesday. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 4.15 and a beta of 1.37. Ralph Lauren has a 52 week low of $86.54 and a 52 week high of $135.99. The company’s 50-day moving average price is $95.13 and its 200 day moving average price is $105.53. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62.

Ralph Lauren (NYSE:RLGet Rating) last issued its quarterly earnings data on Tuesday, May 24th. The textile maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Ralph Lauren had a net margin of 8.82% and a return on equity of 22.33%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. As a group, research analysts forecast that Ralph Lauren will post 7.89 earnings per share for the current fiscal year.

Institutional Trading of Ralph Lauren

A number of hedge funds have recently made changes to their positions in the company. American Trust acquired a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $204,000. Smith Group Asset Management LLC acquired a new position in shares of Ralph Lauren during the first quarter valued at $22,318,000. Nuveen Asset Management LLC boosted its holdings in shares of Ralph Lauren by 13.1% during the fourth quarter. Nuveen Asset Management LLC now owns 139,284 shares of the textile maker’s stock valued at $16,555,000 after acquiring an additional 16,114 shares during the period. Geode Capital Management LLC raised its stake in shares of Ralph Lauren by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 919,539 shares of the textile maker’s stock valued at $109,128,000 after purchasing an additional 63,409 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Ralph Lauren during the fourth quarter valued at about $6,336,000. Hedge funds and other institutional investors own 99.89% of the company’s stock.

About Ralph Lauren

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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.

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