Ralph Lauren Corp. (RL) Lowered to “Strong Sell” at Vetr Inc.
Ralph Lauren Corp. (NYSE:RL) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday. They currently have a $99.66 target price on the stock. Vetr‘s price target points to a potential downside of 11.94% from the company’s current price.
Several other equities analysts have also issued reports on RL. Piper Jaffray Cos. reissued a “neutral” rating and set a $88.00 target price on shares of Ralph Lauren Corp. in a research note on Monday, August 8th. Deutsche Bank AG reissued a “hold” rating and set a $95.00 target price (up previously from $85.00) on shares of Ralph Lauren Corp. in a research note on Wednesday, August 10th. Telsey Advisory Group increased their price target on Ralph Lauren Corp. from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. Goldman Sachs Group Inc. increased their price target on Ralph Lauren Corp. from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Ralph Lauren Corp. in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $111.33.
Shares of Ralph Lauren Corp. (NYSE:RL) opened at 113.17 on Wednesday. The stock’s 50 day moving average price is $99.64 and its 200-day moving average price is $97.65. Ralph Lauren Corp. has a 52 week low of $82.15 and a 52 week high of $127.01. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 48.61 and a beta of 0.95.
Ralph Lauren Corp. (NYSE:RL) last posted its earnings results on Thursday, November 10th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.19. Ralph Lauren Corp. had a return on equity of 14.00% and a net margin of 2.71%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $2.13 EPS. Ralph Lauren Corp.’s revenue was down 7.6% on a year-over-year basis. Equities analysts anticipate that Ralph Lauren Corp. will post $5.50 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Southeastern Asset Management Inc. TN purchased a new position in shares of Ralph Lauren Corp. during the second quarter valued at about $245,238,000. Capital Research Global Investors boosted its position in shares of 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 valued at $228,531,000 after buying an additional 400,003 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Ralph Lauren Corp. during the third quarter valued at about $227,962,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 valued at $167,201,000 after buying an additional 5,533 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Ralph Lauren Corp. during the second quarter valued at about $106,337,000. 63.71% of the stock is owned by hedge funds and other 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.
Receive News & Stock Ratings for Ralph Lauren Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corp. and related stocks with our FREE daily email newsletter.