Ralph Lauren (NYSE:RL) Price Target Cut to $85.00 by Analysts at Needham & Company LLC

Ralph Lauren (NYSE:RL) had its price objective decreased by equities research analysts at Needham & Company LLC from $90.00 to $85.00 in a report issued on Friday, AnalystRatings.com reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price points to a potential upside of 27.47% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Co lowered their target price on shares of Ralph Lauren from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. Royal Bank of Canada raised their price objective on shares of Ralph Lauren from $77.00 to $82.00 and gave the company a “sector perform” rating in a research report on Monday, June 22nd. UBS Group upped their target price on shares of Ralph Lauren from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Cowen cut Ralph Lauren from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $88.00 to $76.00 in a research note on Thursday, May 7th. Finally, Deutsche Bank lifted their price target on Ralph Lauren from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.53.

NYSE:RL opened at $66.68 on Friday. Ralph Lauren has a 52-week low of $59.82 and a 52-week high of $128.29. The stock has a fifty day moving average of $71.30 and a 200 day moving average of $84.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.61. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.71 and a beta of 1.26.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported ($1.82) earnings per share for the quarter, missing the consensus estimate of ($1.47) by ($0.35). The business had revenue of $487.50 million during the quarter, compared to analysts’ expectations of $592.98 million. Ralph Lauren had a net margin of 6.24% and a return on equity of 17.25%. The business’s revenue was down 65.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. Equities analysts forecast that Ralph Lauren will post 2.59 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in RL. DekaBank Deutsche Girozentrale raised its holdings in Ralph Lauren by 17.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,301 shares of the textile maker’s stock valued at $312,000 after buying an additional 638 shares during the last quarter. Leap Investments LP bought a new stake in Ralph Lauren in the 2nd quarter worth $348,000. Comerica Bank increased its position in shares of Ralph Lauren by 6.8% in the second quarter. Comerica Bank now owns 10,436 shares of the textile maker’s stock valued at $745,000 after acquiring an additional 660 shares during the period. Monarch Partners Asset Management LLC purchased a new position in shares of Ralph Lauren in the second quarter valued at about $352,000. Finally, Landsberg Bennett & Dubbaneh LLC bought a new position in shares of Ralph Lauren during the second quarter valued at about $394,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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