TheStreet cut shares of Ralph Lauren (NYSE:RL) from a b rating to a c+ rating in a research report released on Tuesday, TheStreetRatingsTable reports.
Several other research analysts also recently commented on RL. Deutsche Bank reduced their price objective on Ralph Lauren from $160.00 to $154.00 and set a buy rating on the stock in a report on Wednesday. Telsey Advisory Group restated an outperform rating and set a $155.00 price objective on shares of Ralph Lauren in a report on Wednesday. Bank of America reduced their price objective on Ralph Lauren from $114.00 to $108.00 and set an underperform rating on the stock in a report on Wednesday. Nomura reduced their price objective on Ralph Lauren from $129.00 to $123.00 and set a neutral rating on the stock in a report on Wednesday. Finally, Zacks Investment Research upgraded Ralph Lauren from a hold rating to a buy rating and set a $139.00 price target on the stock in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $137.47.
RL opened at $112.51 on Tuesday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.47 and a beta of 0.69. Ralph Lauren has a 52 week low of $95.63 and a 52 week high of $147.79. The company has a current ratio of 3.00, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Tuesday, May 14th. The textile maker reported $1.07 EPS for the quarter, topping the consensus estimate of $0.93 by $0.14. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. Ralph Lauren’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. On average, equities research analysts forecast that Ralph Lauren will post 7.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.6875 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.44%. Ralph Lauren’s dividend payout ratio (DPR) is currently 34.77%.
In other news, Director Joyce F. Brown sold 2,000 shares of Ralph Lauren stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the transaction, the director now directly owns 7,278 shares in the company, valued at approximately $917,028. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 32.49% of the company’s stock.
Several institutional investors have recently bought and sold shares of RL. JPMorgan Chase & Co. boosted its position in shares of Ralph Lauren by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,930,528 shares of the textile maker’s stock worth $265,544,000 after purchasing an additional 106,003 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Ralph Lauren by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 6,708,738 shares of the textile maker’s stock worth $922,788,000 after purchasing an additional 137,325 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Ralph Lauren by 8.2% in the 4th quarter. State of Alaska Department of Revenue now owns 12,541 shares of the textile maker’s stock worth $1,297,000 after purchasing an additional 950 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Ralph Lauren in the 4th quarter worth $228,000. Finally, Fox Run Management L.L.C. boosted its position in shares of Ralph Lauren by 25.2% in the 4th quarter. Fox Run Management L.L.C. now owns 2,238 shares of the textile maker’s stock worth $232,000 after purchasing an additional 450 shares in the last quarter. 65.84% of the stock is owned by hedge funds and other institutional investors.
Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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