Ralph Lauren (RL) – Investment Analysts’ Weekly Ratings Updates

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Ralph Lauren (NYSE: RL) has recently received a number of price target changes and ratings updates:

  • 5/15/2019 – Ralph Lauren had its price target lowered by analysts at Bank of America Corp from $114.00 to $108.00. They now have an “underperform” rating on the stock.
  • 5/15/2019 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $155.00 price target on the stock.
  • 5/15/2019 – Ralph Lauren had its price target lowered by analysts at Nomura from $129.00 to $123.00. They now have a “neutral” rating on the stock.
  • 5/15/2019 – Ralph Lauren had its price target lowered by analysts at Deutsche Bank AG from $160.00 to $154.00. They now have a “buy” rating on the stock.
  • 5/14/2019 – Ralph Lauren was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 5/9/2019 – Ralph Lauren was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $145.00 price target on the stock, up previously from $135.00.
  • 5/8/2019 – Ralph Lauren had its price target raised by analysts at UBS Group AG from $127.00 to $136.00. They now have a “neutral” rating on the stock.
  • 4/26/2019 – Ralph Lauren was upgraded by analysts at OTR Global to a “positive” rating.
  • 3/27/2019 – Ralph Lauren was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $150.00 price target on the stock.
  • 3/18/2019 – Ralph Lauren had its price target raised by analysts at JPMorgan Chase & Co. from $140.00 to $141.00. They now have an “overweight” rating on the stock.
  • 3/18/2019 – Ralph Lauren had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $131.00 price target on the stock.

Shares of Ralph Lauren stock traded down $2.24 during trading on Friday, reaching $112.51. 1,734,981 shares of the company were exchanged, compared to its average volume of 1,030,583. The company has a quick ratio of 2.18, a current ratio of 3.00 and a debt-to-equity ratio of 0.21. Ralph Lauren Corp has a twelve month low of $95.63 and a twelve month high of $147.79. The stock has a market cap of $9.09 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.69.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Tuesday, May 14th. The textile maker reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that Ralph Lauren Corp will post 7.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.6875 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 2.44%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, June 27th. Ralph Lauren’s payout ratio is presently 34.77%.

In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the completion of the transaction, the director now directly owns 7,278 shares of the company’s stock, valued at $917,028. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 32.49% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Ralph Lauren during the fourth quarter worth approximately $26,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Ralph Lauren by 11,845.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 2,703,760 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Ralph Lauren by 3,333.3% in the 1st quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp raised its position in Ralph Lauren by 184.2% during the 1st quarter. Fifth Third Bancorp now owns 216 shares of the textile maker’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in Ralph Lauren by 44.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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