Ralph Lauren (NYSE:RL) Stock Rating Lowered by Raymond James

Ralph Lauren (NYSE:RL) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday,Finviz reports.

RL has been the subject of a number of other research reports. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. TD Cowen increased their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Finally, The Goldman Sachs Group raised their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.09.

Ralph Lauren Stock Down 0.1 %

RL opened at $256.17 on Monday. Ralph Lauren has a fifty-two week low of $139.49 and a fifty-two week high of $257.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The company has a fifty day moving average of $231.00 and a two-hundred day moving average of $200.48. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.85 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 earnings per share. On average, research analysts expect that Ralph Lauren will post 11.75 earnings per share for the current year.

Institutional Trading of Ralph Lauren

A number of hedge funds have recently made changes to their positions in RL. Burney Co. acquired a new position in Ralph Lauren in the fourth quarter worth $5,711,000. Charles Schwab Investment Management Inc. raised its position in Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares in the last quarter. Bridgewater Associates LP raised its position in Ralph Lauren by 145.8% in the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after acquiring an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ralph Lauren in the third quarter worth about $1,819,000. Finally, CWA Asset Management Group LLC lifted its stake in Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock valued at $2,752,000 after buying an additional 2,880 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.