Ralph Lauren (NYSE:RL) Lowered to “Hold” at StockNews.com

Ralph Lauren (NYSE:RL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other equities analysts have also issued reports about the company. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. TD Cowen upped their price target on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group increased their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $191.18.

Ralph Lauren Stock Down 1.3 %

NYSE:RL opened at $203.62 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. Ralph Lauren has a one year low of $109.59 and a one year high of $207.06. The stock has a 50-day simple moving average of $182.93 and a 200 day simple moving average of $175.52.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. Sell-side analysts predict that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the second quarter worth $31,000. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren during the first quarter worth $42,000. Versant Capital Management Inc increased its holdings in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $63,000. 67.91% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren

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.