Ralph Lauren (NYSE:RL) Rating Lowered to Hold at Wall Street Zen

Ralph Lauren (NYSE:RL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms also recently commented on RL. Weiss Ratings upgraded Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $460.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Citigroup boosted their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays increased their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, UBS Group raised their price target on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Stock Performance

Shares of RL stock opened at $388.49 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. Ralph Lauren has a fifty-two week low of $283.50 and a fifty-two week high of $421.60. The stock’s 50-day moving average is $391.58 and its two-hundred day moving average is $369.52. The firm has a market cap of $23.15 billion, a P/E ratio of 24.48, a PEG ratio of 1.46 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $3.77 EPS. Analysts predict that Ralph Lauren will post 18.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

A number of large investors have recently added to or reduced their stakes in RL. C M Bidwell & Associates Ltd. acquired a new position in Ralph Lauren during the second quarter valued at approximately $206,000. Great Lakes Advisors LLC acquired a new stake in shares of Ralph Lauren in the second quarter worth $346,000. HS Management Partners LLC acquired a new stake in shares of Ralph Lauren in the second quarter worth $10,246,000. USA Financial Formulas boosted its holdings in shares of Ralph Lauren by 139,800.0% during the 1st quarter. USA Financial Formulas now owns 1,399 shares of the textile maker’s stock worth $481,000 after buying an additional 1,398 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Ralph Lauren by 8.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 11,940 shares of the textile maker’s stock worth $4,793,000 after buying an additional 960 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.