Ralph Lauren (NYSE:RL) Price target reduced to $78.00


Ralph Lauren (NYSE: RLGet a rating) saw its price target lowered by Goldman Sachs Group research analysts from $85.00 to $78.00 in a research report released Thursday to clients and investors, Fly reports. The brokerage currently has a “sell” rating on the textile maker’s stock. The Goldman Sachs group’s target price suggests a potential decline of 19.54% from the current share price.

RL has been the subject of several other reports. Cowen cut his price target on Ralph Lauren shares from $171.00 to $151.00 in a Wednesday, June 1 report. Barclays lowered its price target on Ralph Lauren shares from $117.00 to $99.00 and set an “equal weight” rating for the company in a Wednesday May 25 research report. UBS Group lowered its price target on Ralph Lauren shares from $162.00 to $129.00 in a Friday, July 15 research report. StockNews.com upgraded Ralph Lauren shares from a “hold” rating to a “buy” rating in a Sunday, June 19 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Ralph Lauren shares from $116.00 to $101.00 in a Wednesday, May 25 research report. One investment analyst has assigned the stock a sell rating, six have issued a hold rating and nine have assigned the company a buy rating. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $121.93.

Ralph Lauren stock performance

NYSERL opened at $96.94 on Thursday. The company has a debt ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.44. The company has a market capitalization of $6.79 billion, a price/earnings ratio of 12.08, a P/E/G ratio of 1.32 and a beta of 1.38. The company’s fifty-day moving average is $95.54 and its two-hundred-day moving average is $107.63. Ralph Lauren has a 52-week low of $86.54 and a 52-week high of $135.99.

Ralph Lauren (NYSE: RLGet a rating) last released its quarterly earnings data on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating consensus analyst estimates of $0.30 by $0.19. The company posted revenue of $1.53 billion in the quarter, versus a consensus estimate of $1.46 billion. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. The company’s revenue for the quarter increased by 18.7% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.38. Equity research analysts expect Ralph Lauren to post an EPS of 8.33 for the current year.

Institutional entries and exits

Institutional investors have recently been buying and selling shares of the stock. Keene & Associates Inc. raised its position in Ralph Lauren shares by 9.3% in the second quarter. Keene & Associates Inc. now owns 2,361 shares of the textile maker worth $212,000 after buying 200 more shares last quarter. Trinity Street Asset Management LLP raised its position in Ralph Lauren shares by 13.8% in the second quarter. Trinity Street Asset Management LLP now owns 94,727 shares of the textile maker worth $8,492,000 after buying an additional 11,476 shares last quarter. Brinker Capital Investments LLC increased its position in Ralph Lauren shares by 12.9% in the second quarter. Brinker Capital Investments LLC now owns 8,516 shares of the textile maker worth $763,000 after buying 976 additional shares last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Ralph Lauren in the second quarter worth $613,000. Finally, the Alaska State Department of Revenue increased its position in Ralph Lauren by 1.9% during the second quarter. The Alaska State Department of Revenue now owns 6,643 shares of the textile maker worth $595,000 after acquiring 125 more shares last quarter. Institutional investors hold 99.89% of the company’s shares.

Ralph Lauren Company Profile

(Get a rating)

Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include 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 comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and giftware; and perfumes.

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