Ralph Lauren (NYSE:RL) Stock Rating Lowered by Wall Street Zen

Ralph Lauren (NYSE:RL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the company. UBS Group upped their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays raised their price target on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Price Performance

RL stock opened at $412.93 on Friday. Ralph Lauren has a 12 month low of $259.30 and a 12 month high of $421.60. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $370.49 and a 200 day moving average price of $361.95. The stock has a market cap of $24.58 billion, a PE ratio of 27.33, a P/E/G ratio of 2.05 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $2.27 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren will post 18.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after buying an additional 275,263 shares during the period. Geode Capital Management LLC increased its stake in shares of Ralph Lauren by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after buying an additional 54,686 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Ralph Lauren by 11.7% in the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after acquiring an additional 98,511 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.