Ralph Lauren (NYSE:RL) Stock Rating Lowered by StockNews.com

Ralph Lauren (NYSE:RL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

RL has been the subject of a number of other reports. UBS Group lifted their price objective on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Guggenheim reiterated a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Barclays increased their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 target price on shares of Ralph Lauren in a report on Wednesday, August 7th. Finally, TD Cowen lowered their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

Ralph Lauren Stock Performance

Shares of RL opened at $172.85 on Friday. Ralph Lauren has a 1 year low of $108.60 and a 1 year high of $192.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The stock’s fifty day moving average price is $169.25 and its two-hundred day moving average price is $173.73. The firm has a market cap of $10.80 billion, a PE ratio of 17.78, a PEG ratio of 1.40 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 EPS. On average, equities research analysts forecast that Ralph Lauren will post 11.23 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors have recently made changes to their positions in the stock. Boston Partners increased its stake in Ralph Lauren by 67.2% in the fourth quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after acquiring an additional 487,882 shares during the last quarter. King Luther Capital Management Corp purchased a new position in shares of Ralph Lauren during the 4th quarter valued at about $18,944,000. Bridgefront Capital LLC raised its holdings in shares of Ralph Lauren by 251.5% during the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock valued at $1,778,000 after buying an additional 8,822 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Ralph Lauren by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $11,968,000 after buying an additional 6,378 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Ralph Lauren by 708.2% in the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after buying an additional 7,904 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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