Ralph Lauren Corp (RL) Receives Average Recommendation of “Hold” from Brokerages

Ralph Lauren Corp (NYSE:RL) has earned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $98.05.

Several equities research analysts recently issued reports on RL shares. Cowen set a $95.00 price target on Ralph Lauren and gave the company a “hold” rating in a research report on Thursday, November 16th. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America lowered Ralph Lauren from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $100.14 to $80.00 in a research report on Wednesday, December 13th. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Piper Jaffray Companies set a $109.00 price target on Ralph Lauren and gave the company a “sell” rating in a research report on Tuesday, January 30th.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Zeke Capital Advisors LLC acquired a new stake in Ralph Lauren in the fourth quarter worth $201,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ralph Lauren in the third quarter worth $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Ralph Lauren in the third quarter worth $209,000. Cigna Investments Inc. New bought a new position in shares of Ralph Lauren in the fourth quarter worth $214,000. Finally, Jump Trading LLC bought a new position in shares of Ralph Lauren in the fourth quarter worth $217,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren (NYSE RL) traded up $0.61 during mid-day trading on Friday, hitting $105.84. The company had a trading volume of 735,314 shares, compared to its average volume of 719,187. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The firm has a market cap of $8,603.63, a price-to-earnings ratio of -104.79, a P/E/G ratio of 1.75 and a beta of 0.69. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $119.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.16. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. equities research analysts forecast that Ralph Lauren will post 5.93 earnings per share for the current fiscal year.

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Ralph Lauren Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren (NYSE:RL)

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