Cfra Research Upgrades Ralph Lauren (NYSE:RL) to “Hold”

Ralph Lauren (NYSE:RL) was upgraded by research analysts at Cfra Research from a “moderate sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Barclays raised their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised Ralph Lauren from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $275.00 to $240.00 in a research note on Tuesday, April 8th. Jefferies Financial Group upped their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.43.

Ralph Lauren Stock Down 0.6 %

RL opened at $202.01 on Monday. The company has a market capitalization of $12.48 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The business has a 50-day moving average of $235.91 and a 200-day moving average of $227.46. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts forecast that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management raised its stake in shares of Ralph Lauren by 3.3% in the 1st quarter. Ritholtz Wealth Management now owns 6,971 shares of the textile maker’s stock valued at $1,539,000 after buying an additional 223 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Ralph Lauren by 239.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,172 shares of the textile maker’s stock valued at $7,764,000 after acquiring an additional 24,799 shares during the period. NorthCrest Asset Manangement LLC raised its position in Ralph Lauren by 14.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,851 shares of the textile maker’s stock worth $1,292,000 after purchasing an additional 739 shares in the last quarter. Fifth Third Bancorp lifted its stake in Ralph Lauren by 16.9% during the first quarter. Fifth Third Bancorp now owns 2,328 shares of the textile maker’s stock worth $514,000 after purchasing an additional 336 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in Ralph Lauren during the first quarter valued at approximately $348,000. 67.91% of the stock is owned by institutional investors.

About Ralph Lauren

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.