Ralph Lauren (NYSE:RL) Stock Rating Lowered by Cfra Research

Ralph Lauren (NYSE:RL) was downgraded by investment analysts at Cfra Research from a “hold” rating to a “moderate sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company raised their price target on Ralph Lauren from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. TD Cowen boosted their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. UBS Group raised their price target on shares of Ralph Lauren from $300.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.29.

Ralph Lauren Stock Down 2.0%

Ralph Lauren stock opened at $274.53 on Tuesday. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The business has a fifty day moving average price of $226.09 and a 200-day moving average price of $234.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.73 and a beta of 1.44.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Sentry Investment Management LLC grew its holdings in Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock worth $31,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC raised its position in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Banque Transatlantique SA purchased a new position in Ralph Lauren during the first quarter valued at approximately $33,000. Finally, Brooklyn Investment Group lifted its holdings in Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 110 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

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.