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

Wall Street Zen downgraded shares of Ralph Lauren (NYSE:RL) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms also recently commented on RL. Weiss Ratings upgraded shares of Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company increased their price objective on Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. UBS Group lifted their target price on Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a report on Friday, August 7th. Telsey Advisory Group boosted their target price on Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $445.67.

Ralph Lauren Stock Down 2.4%

Shares of RL opened at $379.56 on Friday. The company’s 50-day simple moving average is $391.70 and its 200-day simple moving average is $369.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren has a 1 year low of $283.50 and a 1 year high of $421.60. The stock has a market capitalization of $22.61 billion, a PE ratio of 23.92, a P/E/G ratio of 1.46 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $3.77 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts forecast that Ralph Lauren will post 18.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently modified their holdings of the company. Blueline Advisors LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren in the third quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the second quarter valued at $28,000. MUFG Securities EMEA plc purchased a new stake in Ralph Lauren during the 2nd quarter worth about $32,000. Finally, Elevated Capital Advisors LLC purchased a new stake in Ralph Lauren during the 4th quarter worth about $35,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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.