Ralph Lauren (NYSE:RL – Get Note) had its price target reduced by Wells Fargo & Company investment analysts to $95.00 in a research report released Wednesday to clients and investors, Stock Target Advisor reports. Wells Fargo & Company’s target price indicates upside potential of 1.30% from the company’s previous close.
A number of other stock analysts have also recently released reports on RL. Barclays cut its price target on Ralph Lauren from $117.00 to $99.00 and set an “equal weight” rating on the stock in a report on Wednesday. Zacks Investment Research has upgraded Ralph Lauren from a “strong buy” rating to a “hold” rating and has set a price target of $115.00 for the stock. in a report Thursday, March 10. StockNews.com launched coverage on Ralph Lauren in a report on Thursday, March 31. They set a “buy” rating on the stock. Citigroup downgraded Ralph Lauren from a “buy” rating to a “neutral” rating and lowered its price target for the company from $140.00 to $98.00 in a report released Monday. Finally, Wedbush downgraded Ralph Lauren from an “outperforming” rating to a “neutral” rating and lowered its price target for the company from $150.00 to $127.00 in a Monday, March 7 report. . One research analyst rated the stock with a sell rating, seven gave a hold rating and eight issued a buy rating for the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $126.07.
RL stock traded at $2.64 at midday Wednesday, hitting $93.78. The stock recorded a trading volume of 58,850 shares, compared to an average volume of 1,096,680 shares. The company has a fifty-day simple moving average of $107.22 and a two-hundred-day simple moving average of $114.72. The company has a quick ratio of 1.50, a current ratio of 1.88 and a debt ratio of 0.42. The company has a market capitalization of $6.67 billion, a price-earnings ratio of 14.14 and a beta of 1.38. Ralph Lauren has a 12-month low of $86.55 and a 12-month high of $135.99.
Ralph Lauren (NYSE:RL – Get Rating) last released its results on Tuesday, May 24. The textile maker reported earnings per share (EPS) of $0.49 for the quarter, beating analysts’ consensus estimate of $0.36 by $0.13. Ralph Lauren had a return on equity of 22.59% and a net margin of 8.38%. The company posted revenue of $1.53 billion for the quarter, versus $1.46 billion for analysts. In the same quarter last year, the company earned $0.38 per share. The company’s revenue increased by 18.7% compared to the same quarter last year. On average, stock analysts predict that Ralph Lauren will post earnings per share of 8.16 for the current fiscal year.
Ralph Lauren announced that its board of directors launched a stock repurchase plan on Thursday, Feb. 3 that sees the company repurchase $1.50 billion in outstanding stock. This repurchase authorization allows the textile manufacturer to buy up to 17.3% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.
A number of institutional investors have recently changed their positions in RL. CWM LLC increased its position in Ralph Lauren shares by 127.7% during the 1st quarter. CWM LLC now owns 230 shares of the textile maker worth $26,000 after buying 129 additional shares in the last quarter. US Asset Management LLC acquired a new position in Ralph Lauren stock during Q1 worth approximately $35,000. Daiwa Securities Group Inc. increased its position in Ralph Lauren shares by 38.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker worth $54,000 after buying 125 additional shares in the last quarter. Covestor Ltd acquired a new position in Ralph Lauren shares during Q4 worth approximately $57,000. Finally, IndexIQ Advisors LLC acquired a new position in Ralph Lauren stock during Q4 worth approximately $84,000. 99.89% of the shares are currently held by institutional investors and hedge funds.
Ralph Lauren Company Profile (Get a rating)
Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The Company offers apparel, including a range of apparel and accessories for men, women and children, which includes casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, jewelry fashion and refined, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods and belts; home products comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, flooring and giftware; and perfumes.
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