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 note published on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently weighed in on RL. 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Citigroup upped their price objective on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, UBS Group raised their target price on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $445.67.

Ralph Lauren Trading Down 0.0%

Shares of Ralph Lauren stock opened at $351.08 on Friday. The firm has a market cap of $20.92 billion, a PE ratio of 22.12, a P/E/G ratio of 1.32 and a beta of 1.34. Ralph Lauren has a 1 year low of $299.98 and a 1 year high of $421.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The stock has a fifty day moving average price of $377.75 and a 200-day moving average price of $369.84.

Ralph Lauren (NYSE:RL) last issued 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 for the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.77 EPS. Equities research analysts anticipate that Ralph Lauren will post 18.79 EPS for the current year.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blueline Advisors LLC bought a new position in Ralph Lauren in the 4th quarter worth about $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the third quarter worth about $27,000. Continuum Advisory LLC purchased a new stake in shares of Ralph Lauren in the second quarter worth about $41,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the second quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at approximately $38,000. 67.91% of the stock is currently owned by institutional investors.

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.