Vetr downgraded shares of Ralph Lauren Corp. (NYSE:RL) from a hold rating to a sell rating in a research report sent to investors on Monday morning. They currently have $99.66 price target on the stock.
A number of other equities research analysts also recently issued reports on the stock. Goldman Sachs Group Inc. upgraded shares of Ralph Lauren Corp. from a buy rating to a conviction-buy rating and set a $120.00 price objective on the stock in a research note on Friday, October 7th. Macquarie increased their target price on shares of Ralph Lauren Corp. from $119.00 to $121.00 and gave the stock an outperform rating in a report on Tuesday, September 27th. Guggenheim assumed coverage on shares of Ralph Lauren Corp. in a report on Friday, September 30th. They issued a neutral rating for the company. Credit Agricole SA assumed coverage on shares of Ralph Lauren Corp. in a report on Wednesday, September 28th. They issued a buy rating and a $125.00 target price for the company. Finally, Deutsche Bank AG reissued a hold rating and issued a $95.00 target price (up previously from $85.00) on shares of Ralph Lauren Corp. in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ralph Lauren Corp. has a consensus rating of Hold and an average price target of $110.63.
Ralph Lauren Corp. (NYSE:RL) opened at 101.71 on Monday. The company has a market capitalization of $8.37 billion, a P/E ratio of 27.80 and a beta of 1.17. Ralph Lauren Corp. has a 52 week low of $82.15 and a 52 week high of $137.38. The firm has a 50 day moving average of $101.69 and a 200-day moving average of $96.93.
Ralph Lauren Corp. (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Ralph Lauren Corp. had a net margin of 4.22% and a return on equity of 14.50%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, analysts forecast that Ralph Lauren Corp. will post $5.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, September 28th. Ralph Lauren Corp.’s dividend payout ratio (DPR) is 55.25%.
Hedge funds have recently made changes to their positions in the company. Trust Department MB Financial Bank N A increased its stake in shares of Ralph Lauren Corp. by 795.2% in the second quarter. Trust Department MB Financial Bank N A now owns 1,128 shares of the company’s stock valued at $149,000 after buying an additional 1,002 shares during the period. Kazazian Asset Management LLC bought a new stake in shares of Ralph Lauren Corp. during the first quarter valued at approximately $111,000. Investment Counselors of Maryland LLC bought a new stake in shares of Ralph Lauren Corp. during the second quarter valued at approximately $141,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Ralph Lauren Corp. by 154.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,044 shares of the company’s stock valued at $183,000 after buying an additional 1,240 shares during the period. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Ralph Lauren Corp. during the second quarter valued at approximately $202,000. 63.74% of the stock is owned by institutional investors.
Ralph Lauren Corp. Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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