Deutsche Bank Aktiengesellschaft cuts Ralph Lauren (NYSE:RL) price target to $99.00

Ralph Lauren (NYSE:RL – Get a Note) had its target price reduced by Deutsche Bank Aktiengesellschaft research analysts from $101.00 to $99.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on shares of the textile maker. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 0.56% from the company’s current price.

Several other stock analysts have also recently commented on RL. Wells Fargo & Company lowered its price target on Ralph Lauren to $95.00 in a research report Wednesday, May 25. Goldman Sachs Group lowered its price target on Ralph Lauren from $85.00 to $78.00 and placed a “sell” rating on the stock in a Thursday, July 21 research report. TheStreet downgraded Ralph Lauren from a “b” to a “c+” rating in a research report on Tuesday, May 24. Cowen lowered his price target on Ralph Lauren to $142.00 in a Monday, July 25 research report. Finally, Cowen reduced its price target on Ralph Lauren from $171.00 to $151.00 in a Wednesday, June 1 research report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.14.

Ralph Lauren stock performance

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NYSE:RL traded at $0.09 in midday trading Monday, hitting $98.45. 5,951 shares of the company were traded, with an average volume of 723,409. The share’s fifty-day moving average price is $95.74 and its 200-day moving average price is $106.25. Ralph Lauren has a one-year low of $86.54 and a one-year high of $135.99. 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 $6.90 billion, a price-to-earnings ratio of 12.28, a growth price-to-earnings ratio of 3.88 and a beta of 1.37.

Ralph Lauren (NYSE:RL – Get Rating) last reported quarterly earnings data on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.30 by $0.19. Ralph Lauren had a return on equity of 23.00% and a net margin of 9.65%. The company posted revenue of $1.53 billion for the quarter, versus a consensus estimate of $1.46 billion. In the same period a year earlier, the company had earned earnings per share of $0.38. The company’s revenue increased 18.7% year over year. Research analysts expect Ralph Lauren to post earnings per share of 8.12 for the current fiscal year.

Institutional entries and exits

A number of hedge funds have recently changed their holdings in the company. Allspring Global Investments Holdings LLC bought a new position in Ralph Lauren in the fourth quarter worth approximately $380,000. New Jersey State Joint Pension Fund D increased its holdings in Ralph Lauren by 3.4% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 28,124 shares of the textile maker worth $3,343,000 after purchasing an additional 936 shares during the period. Yousif Capital Management LLC acquired a new stake in Ralph Lauren during the fourth quarter at a value of $1,089,000. Xponance Inc. increased its stake in Ralph Lauren by 54.4% in the fourth quarter. Xponance Inc. now owns 3,722 shares of the textile maker worth $442,000 after purchasing an additional 1,312 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Ralph Lauren during the fourth quarter at a value of $11,102,000. Institutional investors hold 99.89% of the company’s shares.

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 clothing, including a range of clothing for men, women and children; footwear and accessories, which include 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 comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and gift items; and perfumes.

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