Ralph Lauren Corp (RL) Receives Average Recommendation of “Hold” from Analysts

Shares of Ralph Lauren Corp (NYSE:RL) have been assigned an average rating of “Hold” from the twenty-five ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $88.66.

RL has been the topic of a number of research reports. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Tuesday, October 10th. Credit Suisse Group upgraded Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 price target on the stock in a report on Friday, September 8th. Piper Jaffray Companies set a $81.00 price target on Ralph Lauren and gave the company a “sell” rating in a report on Thursday, October 19th. Cowen restated a “hold” rating and issued a $89.00 price target on shares of Ralph Lauren in a report on Sunday, September 17th. Finally, Macquarie upgraded Ralph Lauren to a “buy” rating and boosted their price target for the company from $96.00 to $100.00 in a report on Tuesday, September 5th.

In related news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the sale, the insider now owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in Ralph Lauren by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after buying an additional 96 shares during the period. Pacer Advisors Inc. grew its position in shares of Ralph Lauren by 12.0% in the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 238 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $209,000. Finally, TLP Group LLC grew its position in shares of Ralph Lauren by 5,614.8% in the second quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock valued at $257,000 after purchasing an additional 3,425 shares during the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.

Ralph Lauren (RL) traded up $0.50 during trading hours on Friday, reaching $95.15. The company’s stock had a trading volume of 1,083,800 shares, compared to its average volume of 1,546,204. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $110.87. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7,770.00, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’s revenue was down 8.6% on a year-over-year basis. equities analysts expect that Ralph Lauren will post 5.56 earnings per share for the current year.

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About Ralph Lauren

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.

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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