Ralph Lauren (NYSE:RL) Upgraded to Buy at Wall Street Zen

Ralph Lauren (NYSE:RL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other analysts have also recently issued reports on RL. Wells Fargo & Company boosted their price objective on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Bank of America raised their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price objective for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Trading Down 0.0%

Shares of RL opened at $398.18 on Friday. Ralph Lauren has a 12-month low of $273.04 and a 12-month high of $421.60. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.98 and a beta of 1.34. The stock’s 50-day moving average price is $375.55 and its 200 day moving average price is $364.98.

Ralph Lauren (NYSE:RL) last posted 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 return on equity of 38.17% and a net margin of 11.60%.The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren will post 18.33 earnings per share for the current year.

Institutional Trading of Ralph Lauren

Several institutional investors have recently bought and sold shares of RL. Sapient Capital LLC acquired a new stake in Ralph Lauren in the 1st quarter valued at $411,000. DV Trading LLC raised its stake in Ralph Lauren by 1,291.3% during the first quarter. DV Trading LLC now owns 640 shares of the textile maker’s stock worth $220,000 after acquiring an additional 594 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Ralph Lauren by 87.8% during the first quarter. Edgestream Partners L.P. now owns 32,959 shares of the textile maker’s stock valued at $11,338,000 after acquiring an additional 15,412 shares during the period. RBF Capital LLC lifted its holdings in shares of Ralph Lauren by 14.5% during the first quarter. RBF Capital LLC now owns 11,453 shares of the textile maker’s stock valued at $3,940,000 after acquiring an additional 1,453 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in shares of Ralph Lauren in the 1st quarter valued at $1,693,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

About Ralph Lauren

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.