Wall Street Zen Downgrades Ralph Lauren (NYSE:RL) to Hold

Ralph Lauren (NYSE:RL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $425.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Evercore reissued an “outperform” rating and set a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. BTIG Research raised their target price on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Telsey Advisory Group lifted their price target on Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $446.00 price target on Ralph Lauren in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $351.08 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a fifty day moving average of $378.68 and a 200 day moving average of $369.98. The firm has a market cap of $20.92 billion, a PE ratio of 22.12, a PEG ratio of 1.32 and a beta of 1.34. Ralph Lauren has a one year low of $299.98 and a one year high of $421.60.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.27. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $3.77 earnings per share. As a group, research analysts predict that Ralph Lauren will post 18.79 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

Several large investors have recently bought and sold shares of RL. Blueline Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren in the second quarter valued at approximately $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren in the second quarter valued at approximately $32,000. Finally, Acumen Wealth Advisors LLC purchased a new position in Ralph Lauren during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.