Ralph Lauren Co. (NYSE:RL) receives an average “hold” rating from analysts

Ralph Lauren Co. (NYSE:RL – get rating) received an average “Hold” rating from the fifteen research firms that cover the firm, reports Marketbeat.com. One research analyst rated the stock with a sell recommendation, five issued a hold recommendation, and five issued a buy recommendation on the company. The average 12-month price target among analysts who have reported on the stock in the past year is $118.92.

RL has been the subject of a number of investigative reports. UBS Group lowered its price target on Ralph Lauren from $162.00 to $129.00 in a research note on Friday, July 15. Telsey Advisory Group cut Ralph Lauren’s price target from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 25. Citigroup downgraded Ralph Lauren from a “buy” rating to a “neutral” rating and lowered its price target on the company from $140.00 to $98.00 in a research report on Monday, May 23. Barclays increased Ralph Lauren’s price target from $99.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 11. Finally, Wells Fargo & Company lowered its price target on Ralph Lauren to $95.00 in a report on Wednesday, May 25.

Ralph Lauren shares fell 3.0%

NYSE RL opened at $95.15 on Tuesday. The stock’s 50-day moving average is $94.91 and its 200-day moving average is $104.98. The company has a current ratio of 2.05, a quick ratio of 1.37, and a debt-to-equity ratio of 0.62. Ralph Lauren has a 12-month minimum of $86.54 and a 12-month maximum of $135.99. The stock has a market capitalization of $6.67 billion, a PE ratio of 12.57, a P/E/E ratio of 4.16, and a beta of 1.37.

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Ralph Lauren (NYSE:RL- get rating) last published its quarterly earnings data on Tuesday, May 24. The textile maker reported earnings per share (EPS) of $0.49 for the quarter, beating analyst consensus estimates of $0.30 by $0.19. Ralph Lauren had a return on equity of 22.33% and a net margin of 8.82%. The business had revenue of $1.53 billion in the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter of the previous year, the company recorded $0.38 EPS. The company’s revenue increased 18.7% compared to the same quarter last year. Research analysts predict that Ralph Lauren will post 7.83 EPS for the current fiscal year.

Institutional investors weigh in on Ralph Lauren

Hedge funds have recently made changes to their positions in the company. American Trust purchased a new share of Ralph Lauren stock during the fourth quarter for $204,000. Smith Group Asset Management LLC purchased a new share of Ralph Lauren stock during the first quarter for $22,318,000. Nuveen Asset Management LLC increased its holding in Ralph Lauren stock by 13.1% during the fourth quarter. Nuveen Asset Management LLC now owns 139,284 shares of the textile manufacturer worth $16,555,000 after purchasing an additional 16,114 shares during the last quarter. Geode Capital Management LLC increased its holding in Ralph Lauren stock by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 919,539 shares of the textile manufacturer worth $109,128,000 after purchasing an additional 63,409 shares during the last quarter. Finally, First Trust Advisors LP purchased a new share of Ralph Lauren stock during the fourth quarter for $6,336,000. Currently, 99.89% of the shares are held by hedge funds and other institutional investors.

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About Ralph Lauren

(get 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, including casual shoes, dress shoes, boots, sneakers, sandals, eyeglasses, watches, fine and fashion 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 linens, furniture, fabrics and wall coverings, lighting, tabletops, kitchen linens, floor coverings and gift items; and fragrances.

Other readings

Analyst Recommendations for Ralph Lauren (NYSE:RL)

This instant news alert was powered by MarketBeat’s financial data and narrative science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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