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

Raymond James lowered shares of Ralph Lauren (NYSE:RL) from an outperform rating to a market perform rating in a research report released on Monday, MarketBeat reports.

Several other brokerages have also recently weighed in on RL. The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group raised their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company upped their target price on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $244.91.

Ralph Lauren Price Performance

Shares of RL opened at $256.68 on Monday. The business has a 50-day simple moving average of $233.93 and a two-hundred day simple moving average of $201.85. Ralph Lauren has a 12-month low of $142.26 and a 12-month high of $260.77. The stock has a market cap of $15.94 billion, a PE ratio of 24.47, a PEG ratio of 1.85 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $2.10 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Ralph Lauren will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Institutional Trading of Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC raised its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the period. AM Squared Ltd bought a new position in shares of Ralph Lauren in the 3rd quarter worth $58,000. Quent Capital LLC grew its position in Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares during the period. Finally, Versant Capital Management Inc grew its position in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. 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.