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

Key Points

• Wall Street Zen downgraded Ralph Lauren from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy,” with 16 Buy ratings and an average price target of $445.67.
• Ralph Lauren’s latest quarterly results exceeded expectations: EPS was $4.59 versus the $4.32 consensus, while revenue rose 13.9% year over year to $1.96 billion.
• The stock opened at $388.49, near its 50-day average of $391.58, and institutional investors own approximately 67.91% of outstanding shares.

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

A number of other research firms also recently weighed in on RL. Evercore reiterated an "outperform" rating and set a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. Raymond James Financial restated an "outperform" rating and issued a $425.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Telsey Advisory Group lifted their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Barclays upped their price target on Ralph Lauren from $439.00 to $463.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, UBS Group increased their price objective on Ralph Lauren from $511.00 to $520.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $445.67.

Ralph Lauren Trading Up 0.3%

Shares of RL opened at $388.49 on Friday. The firm's 50-day moving average price is $391.58 and its 200-day moving average price is $369.45. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.46 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 1-year low of $283.50 and a 1-year high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $3.77 earnings per share. Ralph Lauren's revenue was up 13.9% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren will post 18.77 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently made changes to their positions in the business. Blueline Advisors LLC purchased a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in Ralph Lauren in the third quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren in the second quarter worth $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the second quarter worth $32,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Ralph Lauren in the fourth quarter worth $35,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

About Ralph Lauren

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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