Ralph Lauren (NYSE:RL) Downgraded by StockNews.com

Ralph Lauren (NYSE:RLGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on the stock. Credit Suisse Group lowered their price objective on shares of Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Barclays decreased their price target on shares of Ralph Lauren from $117.00 to $99.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 25th. Wedbush cut shares of Ralph Lauren from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $150.00 to $127.00 in a report on Monday, March 7th. Cowen cut their price objective on shares of Ralph Lauren from $171.00 to $151.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Finally, TheStreet cut shares of Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Hold” and an average price target of $127.21.

NYSE RL opened at $99.79 on Friday. The firm has a 50 day simple moving average of $102.92 and a 200-day simple moving average of $112.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.87. Ralph Lauren has a one year low of $86.55 and a one year high of $135.99. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.40 and a beta of 1.38.

Ralph Lauren (NYSE:RLGet Rating) last posted its quarterly earnings data on Tuesday, May 24th. The textile maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.36 by $0.13. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts predict that Ralph Lauren will post 8.33 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. CWM LLC grew its position in Ralph Lauren by 127.7% in the 1st quarter. CWM LLC now owns 230 shares of the textile maker’s stock valued at $26,000 after buying an additional 129 shares during the last quarter. US Asset Management LLC purchased a new position in Ralph Lauren in the 1st quarter valued at $35,000. Daiwa Securities Group Inc. grew its position in Ralph Lauren by 38.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker’s stock valued at $54,000 after buying an additional 125 shares during the last quarter. Covestor Ltd purchased a new position in Ralph Lauren in the 4th quarter valued at $57,000. Finally, IndexIQ Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 99.89% of the company’s stock.

About Ralph Lauren (Get Rating)

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 and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, 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, floor coverings, and giftware; and fragrances.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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