Ralph Lauren (RL) Stock Rating Reaffirmed by Royal Bank of Canada

Ralph Lauren (NYSE:RL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday, February 2nd. They presently have a $113.00 target price on the textile maker’s stock. Royal Bank of Canada’s target price suggests a potential upside of 9.19% from the company’s current price.

RL has been the subject of several other research reports. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Nomura raised their price objective on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. Finally, Telsey Advisory Group lifted their price target on shares of Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $96.93.

Shares of Ralph Lauren (RL) traded up $2.17 during mid-day trading on Friday, hitting $103.49. 1,262,781 shares of the stock traded hands, compared to its average volume of 1,277,252. The firm has a market cap of $8,411.15, a P/E ratio of -102.47, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. Ralph Lauren has a one year low of $66.06 and a one year high of $119.33. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, topping the consensus estimate of $1.87 by $0.16. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. equities analysts expect that Ralph Lauren will post 5.93 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of RL. Bank of New York Mellon Corp boosted its holdings in Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after acquiring an additional 2,186,269 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares during the period. American Century Companies Inc. raised its stake in shares of Ralph Lauren by 149.3% during the 4th quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock worth $96,829,000 after purchasing an additional 559,273 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Ralph Lauren by 35.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after purchasing an additional 408,000 shares during the period. Finally, Ardevora Asset Management LLP bought a new stake in shares of Ralph Lauren during the 3rd quarter worth $35,440,000. 66.45% of the stock is currently owned by hedge funds and other institutional investors.

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About Ralph Lauren

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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