Ralph Lauren (NYSE:RL) Stock Rating Lowered by Raymond James

Ralph Lauren (NYSE:RL) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Monday,Finviz reports.

Several other equities analysts also recently commented on the company. Wells Fargo & Company increased their price target on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Guggenheim increased their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays increased their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Tuesday, December 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $228.09.

Ralph Lauren Trading Down 0.1 %

NYSE:RL opened at $256.17 on Monday. The stock’s 50 day moving average price is $231.00 and its 200 day moving average price is $200.48. Ralph Lauren has a 52 week low of $139.49 and a 52 week high of $257.41. The company has a market capitalization of $15.91 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Ralph Lauren will post 11.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RL. Lord Abbett & CO. LLC acquired a new position in Ralph Lauren during the 3rd quarter worth about $94,831,000. Pacer Advisors Inc. raised its holdings in Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after purchasing an additional 137,631 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Ralph Lauren by 3,520.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock worth $21,047,000 after purchasing an additional 116,910 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $19,320,000. Finally, Atreides Management LP increased its stake in shares of Ralph Lauren by 28.3% in the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after acquiring an additional 83,349 shares during the last quarter. 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.