Shares of Ralph Lauren Corp (NYSE:RL) have been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $98.88.
A number of research analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Ralph Lauren in a research note on Monday. They set an “outperform” rating and a $125.00 price objective on the stock. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Tuesday, February 13th. Bank of America raised their price objective on shares of Ralph Lauren from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $113.00 price objective on shares of Ralph Lauren in a research note on Friday, February 2nd. Finally, Nomura raised their price objective on shares of Ralph Lauren from $92.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd.
Ralph Lauren (NYSE:RL) traded up $0.11 during midday trading on Friday, hitting $107.43. 210,686 shares of the company were exchanged, compared to its average volume of 1,004,879. Ralph Lauren has a fifty-two week low of $66.06 and a fifty-two week high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $8,736.94, a price-to-earnings ratio of -106.26, a PEG ratio of 1.78 and a beta of 0.69.
Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, beating the Zacks’ 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. analysts forecast that Ralph Lauren will post 5.93 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Zeke Capital Advisors LLC acquired a new position in Ralph Lauren in the 4th quarter worth approximately $201,000. Cigna Investments Inc. New acquired a new position in Ralph Lauren in the 4th quarter worth approximately $214,000. Jump Trading LLC acquired a new position in Ralph Lauren in the 4th quarter worth approximately $217,000. First Allied Advisory Services Inc. acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at $223,000. Finally, Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at $229,000. 73.83% of the stock is owned by hedge funds and other institutional investors.
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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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