Ralph Lauren Corp (NYSE:RL) has been given a consensus rating of “Hold” by the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $98.05.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Nomura increased their price objective on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. Finally, Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Zeke Capital Advisors LLC acquired a new position in Ralph Lauren during the fourth quarter worth $201,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Ralph Lauren during the third quarter worth $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Ralph Lauren during the third quarter worth $209,000. Cigna Investments Inc. New acquired a new position in Ralph Lauren during the fourth quarter worth $214,000. Finally, Jump Trading LLC acquired a new position in Ralph Lauren during the fourth quarter worth $217,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Shares of Ralph Lauren (NYSE:RL) traded down $1.34 during trading hours on Wednesday, reaching $105.59. 624,261 shares of the company’s stock traded hands, compared to its average volume of 1,190,000. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. The company has a market capitalization of $8,580.00, a P/E ratio of 58.34, a PEG ratio of 1.77 and a beta of 0.65.
Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. equities analysts forecast that Ralph Lauren will post 5.93 earnings per share for the current year.
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About Ralph Lauren
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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