Ralph Lauren (NYSE:RL) Rating Lowered to Hold at Zacks Research

Ralph Lauren (NYSE:RL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

RL has been the subject of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. BTIG Research started coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 target price for the company. Barclays increased their target price on Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Wells Fargo & Company lifted their price target on Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, TD Cowen increased their price objective on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $349.63.

Ralph Lauren Trading Down 0.3%

NYSE:RL opened at $355.45 on Monday. Ralph Lauren has a 12-month low of $176.61 and a 12-month high of $374.00. The firm has a market cap of $21.55 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.73 and a beta of 1.52. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $334.67 and a 200 day moving average price of $306.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.Ralph Lauren’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. Sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently made changes to their positions in RL. US Bancorp DE lifted its position in Ralph Lauren by 10.5% during the 1st quarter. US Bancorp DE now owns 1,478 shares of the textile maker’s stock worth $326,000 after acquiring an additional 140 shares during the period. National Bank of Canada FI increased its stake in Ralph Lauren by 59.3% in the 1st quarter. National Bank of Canada FI now owns 29,897 shares of the textile maker’s stock valued at $6,599,000 after buying an additional 11,132 shares during the period. Townsquare Capital LLC raised its position in Ralph Lauren by 30.9% during the 1st quarter. Townsquare Capital LLC now owns 2,595 shares of the textile maker’s stock worth $573,000 after buying an additional 613 shares during the last quarter. Nuveen LLC purchased a new position in Ralph Lauren during the 1st quarter worth $23,520,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of Ralph Lauren by 2.0% in the 1st quarter. Public Sector Pension Investment Board now owns 10,676 shares of the textile maker’s stock worth $2,357,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.