Ralph Lauren (NYSE:RL) Earns “Buy” Rating from Needham & Company LLC

Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $400.00 price objective on the textile maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 22.54% from the company’s previous close.

RL has been the topic of several other reports. Bank of America lifted their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Jefferies Financial Group reduced their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. BTIG Research lifted their target price on Ralph Lauren from $435.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Evercore set a $420.00 price target on shares of Ralph Lauren and gave the stock an “outperform” rating in a research report on Friday, February 6th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $403.44.

Ralph Lauren Price Performance

NYSE:RL opened at $326.44 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $353.82 and its two-hundred day simple moving average is $354.74. The stock has a market cap of $19.76 billion, a PE ratio of 22.22, a P/E/G ratio of 1.15 and a beta of 1.37. Ralph Lauren has a 52 week low of $258.13 and a 52 week high of $393.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC boosted its holdings in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $86,719,000. Invesco Ltd. boosted its holdings in shares of Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after buying an additional 275,263 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after buying an additional 245,242 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.