Ralph Lauren (NYSE:RL) Cut to Hold at StockNews.com

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

Other equities research analysts have also issued reports about the stock. TD Cowen reduced their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays upped their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Argus reissued a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. UBS Group upped their price target on Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company cut their price objective on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.80.

Ralph Lauren Stock Down 0.3 %

Shares of RL stock traded down $0.55 during trading on Friday, reaching $172.85. The company’s stock had a trading volume of 986,180 shares, compared to its average volume of 919,101. Ralph Lauren has a 1-year low of $108.60 and a 1-year high of $192.03. The stock’s 50-day moving average price is $169.25 and its 200 day moving average price is $173.80. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.40 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

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

Institutional Trading of Ralph Lauren

A number of institutional investors have recently modified their holdings of the business. Family Firm Inc. purchased a new position in Ralph Lauren in the second quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter valued at $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Ralph Lauren in the first quarter valued at $42,000. Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $63,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.