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Ralph Lauren (NYSE:RL - Get Rating) had its price objective raised by analysts at JPMorgan Chase & Co. from $122.00 to $130.00 in a report issued on Friday, The Fly reports. JPMorgan Chase & Co.'s price target indicates a potential upside of 39.54% from the company's previous close.
Several other analysts have also recently issued reports on RL. Credit Suisse Group reduced their price target on shares of Ralph Lauren from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Telsey Advisory Group dropped their price target on shares of Ralph Lauren from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 25th. StockNews.com cut Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Thursday, August 11th. Cowen cut their price target on Ralph Lauren from $142.00 to $128.00 and set an "outperform" rating on the stock in a report on Wednesday, August 17th. Finally, UBS Group decreased their price objective on Ralph Lauren from $162.00 to $129.00 in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.00.Ralph Lauren Trading Up 0.1 %
RL traded up $0.08 during mid-day trading on Friday, hitting $93.16. 9,427 shares of the stock were exchanged, compared to its average volume of 934,705. The firm's fifty day moving average is $95.50 and its two-hundred day moving average is $101.10. Ralph Lauren has a 1-year low of $86.54 and a 1-year high of $135.99. The company has a market cap of $6.53 billion, a PE ratio of 12.30, a PEG ratio of 3.98 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Institutional Investors Weigh In On Ralph Lauren
Several hedge funds have recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in shares of Ralph Lauren by 3.3% in the fourth quarter. Raymond James & Associates now owns 3,932 shares of the textile maker's stock valued at $467,000 after acquiring an additional 124 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Ralph Lauren by 21.2% in the 4th quarter. Teacher Retirement System of Texas now owns 9,428 shares of the textile maker's stock valued at $1,121,000 after purchasing an additional 1,650 shares in the last quarter. Rhumbline Advisers increased its position in Ralph Lauren by 3.2% during the 4th quarter. Rhumbline Advisers now owns 82,225 shares of the textile maker's stock worth $9,773,000 after purchasing an additional 2,513 shares during the period. Covestor Ltd purchased a new position in shares of Ralph Lauren during the 4th quarter worth approximately $57,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Ralph Lauren by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,139 shares of the textile maker's stock valued at $60,517,000 after buying an additional 7,924 shares during the period. 63.02% of the stock is owned by institutional investors and hedge funds. Ralph Lauren Company Profile (Get Rating)
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.Recommended StoriesGet a free copy of the StockNews.com research report on Ralph Lauren (RL)3 Banks Worth Considering For Q4Stock Market: 3 Islands Of Strength In A Sea Of RedIs There a Cure for What is Ailing Teladoc Stock?MarketBeat: Week in Review 9/12 – 9/16No One Told These 3 Stocks It’s a Down Week
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