Ralph Lauren (NYSE:RL – Get a Note) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note released Saturday to investors.
A number of other research analysts have also published reports on the stock. TheStreet downgraded Ralph Lauren shares from a “b” to a “c+” rating in a Tuesday, May 24 research note. Cowen cut his price target on Ralph Lauren shares from $171.00 to $151.00 and set an “outperform” rating on the stock in a Wednesday, June 1 research note. Wells Fargo & Company cut its price target on Ralph Lauren shares to $95.00 in a Wednesday, May 25 research note. Wedbush downgraded shares of Ralph Lauren from an “outperform” rating to a “neutral” rating and lowered its price target for the company from $150.00 to $127.00 in a Monday 7 research note. march. Finally, Telsey Advisory Group lowered its price target on Ralph Lauren shares from $160.00 to $140.00 and set an “outperform” rating on the stock in a Wednesday, May 25 report. An equity research analyst rated the stock with a sell rating, seven gave the stock a hold rating, and eight gave the stock a buy rating. Based on MarketBeat data, Ralph Lauren currently has an average rating of “Hold” and an average target price of $127.21.
NYSE RL opened at $99.79 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.87 and a debt ratio of 0.58. The company has a market capitalization of $6.99 billion, a PE ratio of 12.44, a growth price-earnings ratio of 1.40 and a beta of 1.38. The company has a 50-day moving average price of $102.92 and a 200-day moving average price of $112.61. Ralph Lauren has a 52-week low of $86.55 and a 52-week high of $135.99.
Ralph Lauren (NYSE:RL – Get Rating) last released quarterly earnings data on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.36 by $0.13. The company posted revenue of $1.53 billion in the quarter, versus analyst estimates of $1.46 billion. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. Ralph Lauren revenue increased 18.7% year over year. In the same quarter a year earlier, the company posted EPS of $0.38. On average, stock research analysts expect Ralph Lauren to post earnings per share of 8.33 for the current fiscal year.
A number of large investors have recently bought and sold shares of RL. HS Management Partners LLC increased its position in Ralph Lauren by 29.4% during the fourth quarter. HS Management Partners LLC now owns 2,017,309 shares of the textile maker worth $239,777,000 after acquiring an additional 457,934 shares during the period. Balyasny Asset Management LLC acquired a new stake in shares of Ralph Lauren in the third quarter worth approximately $50,673,000. Russell Investments Group Ltd. increased its position in Ralph Lauren shares by 79.4% in the first quarter. Russell Investments Group Ltd. now owns 987,527 shares of the textile maker valued at $114,220,000 after buying an additional 437,147 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new equity stake in Ralph Lauren in the first quarter valued at approximately $40,466,000. Finally, Wedge Capital Management LLP NC acquired a new equity stake in Ralph Lauren in the first quarter valued at approximately $37,666,000. Institutional investors hold 99.89% of the company’s shares.
About Ralph Lauren (Get an assessment)
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Ralph Lauren right now?
Before you consider Ralph Lauren, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Ralph Lauren wasn’t on the list.
Although Ralph Lauren currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here