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

Wall Street Zen cut 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.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft set a $446.00 target price on Ralph Lauren in a research report on Friday, August 7th. Needham & Company LLC raised their price objective on Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Evercore restated an “outperform” rating and set a $460.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. BTIG Research boosted their price objective on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Citigroup upped their target price on Ralph Lauren from $400.00 to $455.00 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Stock Up 2.0%

Ralph Lauren stock opened at $351.08 on Friday. The company has a market capitalization of $20.92 billion, a PE ratio of 22.12, a PEG ratio of 1.32 and a beta of 1.34. Ralph Lauren has a 12-month low of $299.98 and a 12-month high of $421.60. The firm’s fifty day moving average is $378.68 and its 200 day moving average is $369.97. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping 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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $3.77 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Ralph Lauren will post 18.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in RL. Blueline Advisors LLC purchased a new position in shares of Ralph Lauren in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc bought a new stake in Ralph Lauren during the second quarter worth $32,000. Finally, Acumen Wealth Advisors LLC bought a new stake in Ralph Lauren during the fourth quarter worth $38,000. Hedge funds and other 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.