TheStreet Upgrades Ralph Lauren Corporation (RL) to B-
Ralph Lauren Corporation (NYSE:RL) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Monday.
Other equities research analysts have also issued research reports about the company. Macquarie upgraded Ralph Lauren Corporation to a “buy” rating and increased their price target for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. Zacks Investment Research upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Tuesday, October 10th. Citigroup Inc. raised their price objective on Ralph Lauren Corporation from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley raised their price objective on Ralph Lauren Corporation from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren Corporation in a research report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $88.77.
Shares of Ralph Lauren Corporation (NYSE RL) opened at $85.00 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7,153.49, a price-to-earnings ratio of 15.05, a PEG ratio of 1.05 and a beta of 0.63. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. Ralph Lauren Corporation’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. research analysts anticipate that Ralph Lauren Corporation will post 5.57 earnings per share for the current fiscal year.
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In related news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren Corporation stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 32.93% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ralph Lauren Corporation by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Ralph Lauren Corporation by 12.0% during the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after buying an additional 238 shares during the period. Exane Derivatives acquired a new stake in shares of Ralph Lauren Corporation during the second quarter worth $175,000. PNC Financial Services Group Inc. lifted its stake in shares of Ralph Lauren Corporation by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock worth $248,000 after buying an additional 499 shares during the period. Finally, TLP Group LLC lifted its stake in shares of Ralph Lauren Corporation by 5,614.8% during the second quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock worth $257,000 after buying an additional 3,425 shares during the period. 62.43% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren Corporation
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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