Ralph Lauren Corp. (RL) Lowered to Sell at Vetr Inc.
Ralph Lauren Corp. (NYSE:RL) was downgraded by 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 $96.72 price target on the stock. Vetr‘s price objective indicates a potential downside of 0.82% from the company’s current price.
Several other analysts have also recently weighed in on the company. Cowen and Company reissued a “market perform” rating and set a $98.00 price objective on shares of Ralph Lauren Corp. in a report on Wednesday, June 22nd. Piper Jaffray Cos. restated a “hold” rating on shares of Ralph Lauren Corp. in a research report on Monday, June 13th. BB&T Corp. restated a “buy” rating and set a $115.00 target price on shares of Ralph Lauren Corp. in a research report on Thursday, June 9th. Wells Fargo & Co. restated a “hold” rating on shares of Ralph Lauren Corp. in a research report on Wednesday, June 8th. Finally, Morgan Stanley restated a “hold” rating on shares of Ralph Lauren Corp. in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $110.63.
Ralph Lauren Corp. (NYSE:RL) traded down 2.18% during mid-day trading on Monday, hitting $97.52. 1,157,066 shares of the stock were exchanged. The stock has a market capitalization of $8.02 billion, a P/E ratio of 26.65 and a beta of 1.17. The firm has a 50-day moving average price of $101.18 and a 200-day moving average price of $96.96. Ralph Lauren Corp. has a 12-month low of $82.15 and a 12-month high of $137.38.
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Ralph Lauren Corp. (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The firm earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Equities analysts predict that Ralph Lauren Corp. will post $5.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, September 28th. Ralph Lauren Corp.’s dividend payout ratio is currently 55.25%.
Several large investors have recently made changes to their positions in RL. MSI Financial Services Inc boosted its stake in Ralph Lauren Corp. by 27.5% in the third quarter. MSI Financial Services Inc now owns 1,621 shares of the company’s stock worth $164,000 after buying an additional 350 shares during the period. Fox Run Management L.L.C. acquired a new stake in Ralph Lauren Corp. during the third quarter worth $233,000. BNP Paribas Arbitrage SA boosted its stake in Ralph Lauren Corp. by 8.3% in the third quarter. BNP Paribas Arbitrage SA now owns 85,239 shares of the company’s stock worth $8,621,000 after buying an additional 6,551 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Ralph Lauren Corp. during the second quarter worth $206,000. Finally, Kentucky Retirement Systems acquired a new stake in Ralph Lauren Corp. during the second quarter worth $435,000. 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.
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