Ralph Lauren (NYSE:RL) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Ralph Lauren (NYSE:RL) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other research analysts also recently weighed in on RL. Wells Fargo & Company upped their price target on Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Evercore ISI upped their target price on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Needham & Company LLC boosted their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $349.63.

Ralph Lauren Trading Up 0.6%

Shares of Ralph Lauren stock opened at $357.81 on Monday. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $374.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. The company has a market capitalization of $21.70 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.72 and a beta of 1.52. The company has a fifty day moving average of $335.47 and a 200 day moving average of $306.52.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $2.54 earnings per share. On average, sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently added to or reduced their stakes in RL. Hantz Financial Services Inc. lifted its stake in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Ralph Lauren in the third quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren during the second quarter worth $28,000. Rothschild Investment LLC increased its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the second quarter valued at $32,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Company Profile

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.