Ralph Lauren Corp. (RL) Rating Lowered to Sell at Vetr Inc.
Ralph Lauren Corp. (NYSE:RL) was downgraded by Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday. They presently have a $99.66 price objective on the stock. Vetr‘s price target indicates a potential downside of 6.95% from the company’s current price.
A number of other brokerages have also recently commented on RL. Zacks Investment Research raised shares of Ralph Lauren Corp. from a “sell” rating to a “buy” rating and set a $122.00 target price for the company in a report on Friday, August 12th. Cowen and Company reaffirmed a “market perform” rating and issued a $101.00 target price (up from $98.00) on shares of Ralph Lauren Corp. in a report on Saturday, August 13th. Bank of America Corp. set a $110.00 target price on shares of Ralph Lauren Corp. and gave the company a “hold” rating in a report on Thursday, August 11th. Telsey Advisory Group upped their target price on shares of Ralph Lauren Corp. from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Ralph Lauren Corp. in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $111.33.
Shares of Ralph Lauren Corp. (NYSE:RL) opened at 107.10 on Thursday. The firm has a market capitalization of $8.81 billion, a PE ratio of 29.27 and a beta of 0.95. Ralph Lauren Corp. has a 12-month low of $82.15 and a 12-month high of $127.01. The company has a 50-day moving average price of $99.64 and a 200 day moving average price of $97.65.
Ralph Lauren Corp. (NYSE:RL) last announced its earnings results on Thursday, November 10th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Ralph Lauren Corp. had a net margin of 2.71% and a return on equity of 14.00%. The business earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts expect that Ralph Lauren Corp. will post $5.45 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Southeastern Asset Management Inc. TN bought a new position in Ralph Lauren Corp. during the second quarter worth $245,238,000. Capital Research Global Investors increased its position in Ralph Lauren Corp. by 18.6% in the second quarter. Capital Research Global Investors now owns 2,550,003 shares of the company’s stock worth $228,531,000 after buying an additional 400,003 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Ralph Lauren Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,653,165 shares of the company’s stock worth $167,201,000 after buying an additional 5,533 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Ralph Lauren Corp. during the second quarter worth $106,337,000. Finally, BlackRock Fund Advisors increased its position in Ralph Lauren Corp. by 3.8% in the third quarter. BlackRock Fund Advisors now owns 918,531 shares of the company’s stock worth $92,900,000 after buying an additional 33,923 shares in the last quarter. 63.49% of the stock is currently owned by institutional investors.
About Ralph Lauren Corp.
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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