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

Shares of Ralph Lauren Corp (NYSE:RL) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $98.05.

Several equities analysts have recently commented on RL shares. Zacks Investment Research lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Bank of America lowered shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Citigroup upped their price objective on shares of Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Piper Jaffray Companies set a $81.00 price objective on shares of Ralph Lauren and gave the stock a “sell” rating in a report on Thursday, October 19th. Finally, ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Ralph Lauren (NYSE:RL) traded up $0.74 during trading on Wednesday, hitting $105.28. 218,368 shares of the stock traded hands, compared to its average volume of 1,184,618. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The stock has a market cap of $8,560.00, a PE ratio of 58.17, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.16. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $1.86 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. research analysts forecast that Ralph Lauren will post 5.93 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Hosking Partners LLP lifted its holdings in Ralph Lauren by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 174,778 shares of the textile maker’s stock worth $15,431,000 after buying an additional 617 shares in the last quarter. Amalgamated Bank lifted its holdings in Ralph Lauren by 5.7% during the 4th quarter. Amalgamated Bank now owns 11,505 shares of the textile maker’s stock worth $1,193,000 after buying an additional 619 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in Ralph Lauren by 2.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 28,862 shares of the textile maker’s stock worth $2,548,000 after buying an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Ralph Lauren by 11.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,718 shares of the textile maker’s stock worth $697,000 after buying an additional 712 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Ralph Lauren by 3.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the textile maker’s stock worth $2,013,000 after buying an additional 800 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

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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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