Ralph Lauren (RL) Upgraded at ValuEngine

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

Several other research analysts have also recently commented on the company. Zacks Investment Research cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Bank of America cut Ralph Lauren from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $100.14 to $80.00 in a research note on Wednesday, December 13th. Needham & Company LLC reiterated a “hold” rating on shares of Ralph Lauren in a research note on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating and issued a $88.00 price objective on shares of Ralph Lauren in a report on Thursday, October 5th. Finally, Citigroup boosted their price objective on Ralph Lauren from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $95.94.

Shares of Ralph Lauren (NYSE RL) traded down $1.70 during trading hours on Friday, hitting $109.80. The stock had a trading volume of 1,576,823 shares, compared to its average volume of 1,134,177. The stock has a market capitalization of $8,924.00, a P/E ratio of -108.71, a P/E/G ratio of 2.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.07. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $119.33.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts forecast that Ralph Lauren will post 5.8 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Stifel Financial Corp acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at $810,000. State of Tennessee Treasury Department raised its stake in Ralph Lauren by 109.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 31,558 shares of the textile maker’s stock valued at $2,786,000 after purchasing an additional 16,483 shares during the period. American International Group Inc. raised its stake in Ralph Lauren by 3.7% during the 3rd quarter. American International Group Inc. now owns 176,529 shares of the textile maker’s stock valued at $15,586,000 after purchasing an additional 6,264 shares during the period. FMR LLC raised its stake in Ralph Lauren by 2.9% during the 2nd quarter. FMR LLC now owns 364,123 shares of the textile maker’s stock valued at $26,872,000 after purchasing an additional 10,180 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after purchasing an additional 1,279,221 shares during the period. Hedge funds and other institutional investors own 66.74% of the company’s stock.

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Ralph Lauren Company Profile

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.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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