Ralph Lauren (NYSE:RL) PT Lowered to $142.00 at Cowen

Ralph Lauren (NYSE:RL – Get Rating) had its target price lowered by analysts at Cowen to $142.00 in a research report issued on Monday, Stock Target Advisor reports. Cowen’s target price would suggest a potential upside of 56.68% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Ralph Lauren from $116.00 to $101.00 in a research note on Wednesday, May 25th. Telsey Advisory Group reduced their price objective on Ralph Lauren from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 25th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Sunday, June 19th. Wells Fargo & Company reduced their price objective on Ralph Lauren to $95.00 in a research note on Wednesday, May 25th. Finally, Credit Suisse Group reduced their price objective on Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.29.

Ralph Lauren Trading Down 6.4 %

NYSE RL opened at $90.63 on Monday. The stock’s 50-day simple moving average is $95.45 and its two-hundred day simple moving average is $107.09. Ralph Lauren has a twelve month low of $86.54 and a twelve month high of $135.99. The company has a quick ratio of 1.44, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.30 and a beta of 1.38.

Ralph Lauren (NYSE:RL – Get Rating) last released its quarterly earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. Ralph Lauren had a return on equity of 23.00% and a net margin of 9.65%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts forecast that Ralph Lauren will post 8.33 EPS for the current fiscal year.

Institutional Trading of Ralph Lauren

Several large investors have recently bought and sold shares of the company. WINTON GROUP Ltd lifted its holdings in shares of Ralph Lauren by 0.9% during the fourth quarter. WINTON GROUP Ltd now owns 10,009 shares of the textile maker’s stock valued at $1,190,000 after purchasing an additional 88 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Ralph Lauren by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,316 shares of the textile maker’s stock valued at $1,464,000 after purchasing an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Ralph Lauren by 2.6% during the first quarter. NorthCrest Asset Manangement LLC now owns 4,320 shares of the textile maker’s stock valued at $490,000 after purchasing an additional 110 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Ralph Lauren by 3.3% during the fourth quarter. Raymond James & Associates now owns 3,932 shares of the textile maker’s stock valued at $467,000 after purchasing an additional 124 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Ralph Lauren by 38.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 125 shares during the last quarter. 99.89% of the stock is owned by institutional investors.

Ralph Lauren Company Profile

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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.