Ralph Lauren Corp. (RL) Stock Rating Lowered by Vetr Inc.
Ralph Lauren Corp. (NYSE:RL) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $99.66 price objective on the stock. Vetr‘s target price would indicate a potential downside of 3.83% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Cowen and Company reiterated a “market perform” rating and issued a $98.00 price target on shares of Ralph Lauren Corp. in a report on Wednesday, June 22nd. Piper Jaffray Cos. reissued a “neutral” rating and issued a $88.00 target price on shares of Ralph Lauren Corp. in a research note on Monday, August 8th. Standpoint Research downgraded shares of Ralph Lauren Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Guggenheim started coverage on shares of Ralph Lauren Corp. in a research note on Friday, September 30th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Ralph Lauren Corp. from a “sell” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.63.
Shares of Ralph Lauren Corp. (NYSE:RL) traded up 0.60% during midday trading on Monday, hitting $103.63. The stock had a trading volume of 438,632 shares. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 28.32 and a beta of 1.17. The firm’s 50 day moving average price is $102.06 and its 200 day moving average price is $96.86. Ralph Lauren Corp. has a 52-week low of $82.15 and a 52-week high of $137.38.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/ralph-lauren-corp-rl-stock-rating-lowered-by-vetr-inc.html
Ralph Lauren Corp. (NYSE:RL) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Ralph Lauren Corp. had a net margin of 4.22% and a return on equity of 14.50%. Ralph Lauren Corp.’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. On average, equities research analysts expect that Ralph Lauren Corp. will post $5.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 28th. This represents a $2.00 annualized dividend and a yield of 1.93%. Ralph Lauren Corp.’s dividend payout ratio (DPR) is 55.25%.
A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Ralph Lauren Corp. by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,036,266 shares of the company’s stock valued at $196,010,000 after buying an additional 171,109 shares during the period. Strs Ohio raised its stake in Ralph Lauren Corp. by 17.1% in the second quarter. Strs Ohio now owns 505,000 shares of the company’s stock valued at $45,258,000 after buying an additional 73,830 shares during the period. Geode Capital Management LLC raised its stake in Ralph Lauren Corp. by 3.8% in the first quarter. Geode Capital Management LLC now owns 498,550 shares of the company’s stock valued at $47,896,000 after buying an additional 18,350 shares during the period. PGGM Investments raised its stake in Ralph Lauren Corp. by 33.4% in the second quarter. PGGM Investments now owns 361,894 shares of the company’s stock valued at $32,433,000 after buying an additional 90,566 shares during the period. Finally, Prudential PLC raised its stake in Ralph Lauren Corp. by 30.2% in the first quarter. Prudential PLC now owns 72,869 shares of the company’s stock valued at $7,014,000 after buying an additional 16,888 shares during the period. Hedge funds and other institutional investors own 63.74% of the company’s stock.
About Ralph Lauren Corp.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Ralph Lauren Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corp. and related companies with MarketBeat.com's FREE daily email newsletter.