StockNews.com Lowers Ralph Lauren (NYSE:RL) to Hold

StockNews.com cut shares of Ralph Lauren (NYSE:RL) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities research analysts have also commented on RL. Argus restated a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Wells Fargo & Company lowered their price target on shares of Ralph Lauren from $185.00 to $180.00 and set an equal weight rating on the stock in a research note on Friday, May 24th. Barclays lifted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 8th. 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 research note on Thursday, August 8th. Finally, Guggenheim reiterated a buy rating and issued a $200.00 price target on shares of Ralph Lauren in a research note on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren has an average rating of Moderate Buy and a consensus target price of $184.80.

Ralph Lauren Trading Down 0.3 %

Shares of NYSE:RL opened at $172.85 on Friday. Ralph Lauren has a 12 month low of $108.60 and a 12 month high of $192.03. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $169.25 and its 200 day simple moving average is $173.80. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.40 and a beta of 1.49.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RL. Pacer Advisors Inc. grew its position in shares of Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Boston Partners grew its position in shares of Ralph Lauren by 67.2% during the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock worth $175,001,000 after purchasing an additional 487,882 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Ralph Lauren during the 1st quarter worth approximately $61,022,000. Institutional investors and hedge funds 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.