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

Key Points

• Wall Street Zen downgraded Ralph Lauren from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $445.67.
• Ralph Lauren reported quarterly adjusted earnings of $4.59 per share, beating estimates of $4.32, while revenue reached $1.96 billion and increased 13.9% year over year.
• The stock opened at $351.08, below its 12-month high of $421.60, and institutional investors own approximately 67.91% of the company’s shares.

Ralph Lauren (NYSE:RL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

RL has been the subject of a number of other reports. Barclays increased their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Needham & Company LLC boosted their price objective on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Evercore reiterated an "outperform" rating and issued a $460.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus target price of $445.67.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $351.08 on Friday. Ralph Lauren has a 12 month low of $299.98 and a 12 month high of $421.60. The company has a market cap of $20.92 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.29 and a beta of 1.34. The business's 50 day moving average is $378.68 and its two-hundred day moving average is $369.97. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.Ralph Lauren's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.77 earnings per share. On average, equities analysts expect that Ralph Lauren will post 18.79 EPS for the current year.

Institutional Trading of Ralph Lauren

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock valued at $758,000 after purchasing an additional 174 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock worth $2,723,000 after purchasing an additional 114 shares during the last quarter. Woodline Partners LP increased its position in shares of Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock worth $744,000 after purchasing an additional 954 shares in the last quarter. Focus Partners Wealth increased its position in shares of Ralph Lauren by 29.5% during the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock worth $841,000 after purchasing an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Ralph Lauren during the 2nd quarter valued at about $386,000. 67.91% of the stock is currently owned by institutional investors.

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.

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