2 weeks Ago By Defense World Staff
Ralph Lauren ( NYSE:RL – Get Free Report ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday. A number of other research analysts also recently issued reports on the stock.
Argus restated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday.
TD Cowen upped their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday.
Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday.
Finally, Barclays upped their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th.
Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.
00. Check Out Our Latest Analysis on RL Ralph Lauren Stock Down 1.4 % Ralph Lauren ( NYSE:RL – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 7th.
The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.
25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.
79%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.
49 billion. During the same period in the previous year, the firm posted $2.34 earnings per share.
The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, research analysts predict that Ralph Lauren will post 11.
23 earnings per share for the current year. Institutional Investors Weigh In On Ralph Lauren A number of hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc.
increased its position in shares of Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc.
now owns 2,378 shares of the textile maker’s stock valued at $447,000 after purchasing an additional 65 shares during the last quarter. Oak Thistle LLC grew its position in shares of Ralph Lauren by 6.2% in the 2nd quarter.
Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. grew its position in shares of Ralph Lauren by 26.
3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares during the last quarter.
Atomi Financial Group Inc. grew its position in shares of Ralph Lauren by 8.4% in the 2nd quarter.
Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Ralph Lauren by 6.
0% in the 2nd quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after buying an additional 99 shares during the last quarter. 67.
91% of the stock is currently owned by institutional investors and hedge funds. 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.
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