Ralph Lauren (NYSE:RL) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Ralph Lauren (NYSE:RL) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts have also commented on the company. Citigroup upped their target price on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Telsey Advisory Group raised their price target on shares of Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Stock Performance

NYSE RL opened at $388.49 on Friday. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.46 and a beta of 1.35. The stock has a fifty day simple moving average of $391.58 and a 200 day simple moving average of $369.45. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. Ralph Lauren has a twelve month low of $283.50 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $3.77 earnings per share. Sell-side analysts expect that Ralph Lauren will post 18.77 EPS for the current year.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC boosted its position in Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after purchasing an additional 255,511 shares during the period. AQR Capital Management LLC grew its holdings in Ralph Lauren by 38.6% during the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after purchasing an additional 245,242 shares during the period. Finally, First Trust Advisors LP increased its position in Ralph Lauren by 70.5% in the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after buying an additional 242,386 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

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.