Ralph Lauren (NYSE:RL) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Ralph Lauren (NYSE:RL) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Several other research firms have also recently issued reports on RL. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. TD Cowen lifted their target price on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company upped their price target on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.09.

Ralph Lauren Stock Performance

NYSE:RL opened at $197.59 on Tuesday. The firm has a 50-day moving average of $185.78 and a two-hundred day moving average of $176.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The stock has a market cap of $12.24 billion, a P/E ratio of 19.05, a PEG ratio of 1.63 and a beta of 1.49. Ralph Lauren has a 1-year low of $109.59 and a 1-year high of $207.06.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $2.34 EPS. Ralph Lauren’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is 31.82%.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds have recently made changes to their positions in the business. Family Firm Inc. bought a new stake in shares of Ralph Lauren during the second quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in shares of Ralph Lauren in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc increased its stake in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 213 shares during the period. Fidelis Capital Partners LLC bought a new stake in Ralph Lauren during the first quarter worth approximately $42,000. Finally, EntryPoint Capital LLC acquired a new stake in Ralph Lauren in the first quarter worth approximately $63,000. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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.