Ralph Lauren (RL) Downgraded by Bank of America to “Underperform”

Ralph Lauren (NYSE:RL) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently commented on RL. Cowen set a $89.00 target price on Ralph Lauren and gave the company a “hold” rating in a report on Tuesday, October 24th. Macquarie raised Ralph Lauren to a “buy” rating and increased their target price for the company from $96.00 to $100.00 in a report on Tuesday, September 5th. Tigress Financial reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Thursday, September 28th. Miller Tabak cut Ralph Lauren from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Credit Suisse Group raised Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 price target for the company in a report on Friday, September 8th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ralph Lauren presently has an average rating of “Hold” and a consensus price target of $88.66.

Ralph Lauren (NYSE:RL) opened at $100.14 on Wednesday. The stock has a market capitalization of $8,224.22, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.20 and a beta of 0.66. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $104.90.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. Ralph Lauren’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 earnings per share. equities analysts forecast that Ralph Lauren will post 5.61 EPS for the current fiscal year.

In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 32.93% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RL. Northwestern Mutual Wealth Management Co. raised its stake in Ralph Lauren by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after buying an additional 96 shares in the last quarter. Pacer Advisors Inc. raised its stake in Ralph Lauren by 12.0% in the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after buying an additional 238 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Ralph Lauren in the third quarter valued at $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Ralph Lauren in the third quarter valued at $209,000. Finally, Parametrica Management Ltd acquired a new stake in Ralph Lauren in the third quarter valued at $263,000. Hedge funds and other institutional investors own 66.98% of the company’s stock.

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Ralph Lauren Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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