Ralph Lauren (NYSE:RL) was downgraded by StockNews.com

StockNews.com downgraded the stock Ralph Lauren (NYSE:RL – Free Report) from a buy rating to a hold rating in a report on Friday.

A number of other research firms have recently issued reports on RL. UBS Group upped their price target on Ralph Lauren from $244.00 to $250.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Argus reissued a hold rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Guggenheim reaffirmed a buy rating and issued a $200.00 price target on shares of Ralph Lauren in a report on Friday, May 24th. Wells Fargo & Company cut their price target on Ralph Lauren from $185.00 to $180.00 and set an equal weight rating for the company in a report on Friday, May 24th. Finally, Barclays upped their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of Moderate Buy and an average target price of $184.80.

See our latest report on RL

Ralph Lauren stock performance

NYSE:RL opened at $172.85 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.19, and a debt-to-equity ratio of 0.59. The company’s fifty-day simple moving average is $169.25, and its 200-day simple moving average is $173.66. The stock has a market cap of $10.71 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $192.03.

Ralph Lauren (NYSE:RL – Get Your Free Report ) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. In the same quarter last year, the business posted EPS of $2.34. The company’s quarterly revenue was up 1.0% year over year. As a group, research analysts forecast that Ralph Lauren will post 11.23 EPS for the current year.

Institutional inputs and outputs

Institutional investors have recently made changes to their positions in 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 purchased a new position in Ralph Lauren in the second quarter valued at about $31,000. Versant Capital Management Inc increased its position in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren in the 1st quarter worth $42,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $63,000. Hedge funds and other institutional investors own 67.91% of the company’s shares.

Ralph Lauren Company Profile

(Get a free report)

Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of men’s, women’s and children’s clothing; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, glasses, 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, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and giftware; and perfumes.

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