Ralph Lauren (NYSE:RL) Stock Rating Reaffirmed by Credit Suisse Group

Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating reaffirmed by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday, AnalystRatings.com reports.

RL has been the topic of several other reports. Cfra reduced their target price on Ralph Lauren from $125.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, May 27th. ValuEngine upgraded Ralph Lauren from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Telsey Advisory Group reduced their target price on Ralph Lauren from $92.00 to $88.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Citigroup lifted their price objective on Ralph Lauren from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Co cut their target price on Ralph Lauren from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $101.00.

Shares of NYSE:RL traded up $0.22 during midday trading on Friday, hitting $71.30. 1,086,141 shares of the stock were exchanged, compared to its average volume of 741,270. Ralph Lauren has a 52-week low of $59.82 and a 52-week high of $128.29. The business’s fifty day simple moving average is $71.59 and its two-hundred day simple moving average is $85.50. 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 company has a market capitalization of $5.18 billion, a PE ratio of 10.97, a P/E/G ratio of 2.55 and a beta of 1.28.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, May 27th. The textile maker reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.66). Ralph Lauren had a return on equity of 17.25% and a net margin of 6.24%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren will post 2.79 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in RL. Texas Permanent School Fund increased its holdings in shares of Ralph Lauren by 1.9% during the first quarter. Texas Permanent School Fund now owns 8,966 shares of the textile maker’s stock valued at $599,000 after acquiring an additional 166 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in Ralph Lauren by 0.4% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 47,702 shares of the textile maker’s stock valued at $3,459,000 after purchasing an additional 175 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Ralph Lauren by 4.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 4,753 shares of the textile maker’s stock worth $318,000 after acquiring an additional 200 shares in the last quarter. Baldwin Investment Management LLC grew its stake in Ralph Lauren by 6.3% in the 2nd quarter. Baldwin Investment Management LLC now owns 3,400 shares of the textile maker’s stock worth $247,000 after acquiring an additional 200 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Ralph Lauren by 49.9% in the 1st quarter. Fifth Third Bancorp now owns 673 shares of the textile maker’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

About Ralph Lauren

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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