Ralph Lauren (NYSE:RL) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other brokerages have also recently weighed in on RL. Morgan Stanley increased their price target on shares of Ralph Lauren from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Buckingham Research increased their price target on shares of Ralph Lauren from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, September 13th. Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, September 12th. Barclays assumed coverage on shares of Ralph Lauren in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 price target for the company. Finally, Cowen reissued a “hold” rating and set a $89.00 price target on shares of Ralph Lauren in a research report on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $88.66.

Ralph Lauren (NYSE RL) traded up $0.46 during mid-day trading on Friday, hitting $95.60. 1,210,000 shares of the company traded hands, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren has a 52 week low of $66.06 and a 52 week high of $110.42. The company has a market cap of $7,770.00, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.14 and a beta of 0.63.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned $1.90 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. equities analysts predict that Ralph Lauren will post 5.56 earnings per share for the current fiscal year.

In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 32.93% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Ralph Lauren by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after acquiring an additional 96 shares during the period. Pacer Advisors Inc. lifted its position in Ralph Lauren by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after acquiring an additional 238 shares during the period. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Ralph Lauren during the 3rd quarter valued at about $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Ralph Lauren during the 3rd quarter valued at about $209,000. Finally, Parametrica Management Ltd bought a new stake in Ralph Lauren during the 3rd quarter valued at about $263,000. 66.94% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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