Ralph Lauren (RL) Price Target Cut to $154.00

Ralph Lauren (NYSE:RL) had its price target cut by Deutsche Bank from $160.00 to $154.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. They currently have a buy rating on the textile maker’s stock.

RL has been the topic of a number of other reports. Telsey Advisory Group upgraded Ralph Lauren from a market perform rating to an outperform rating and set a $155.00 target price on the stock in a research report on Thursday, January 31st. Wells Fargo & Co set a $130.00 target price on Ralph Lauren and gave the stock a hold rating in a research report on Tuesday, February 5th. Royal Bank of Canada upgraded Ralph Lauren from a sector perform rating to an outperform rating and boosted their target price for the stock from $135.00 to $145.00 in a research report on Thursday, May 9th. Citigroup restated a neutral rating and issued a $131.00 price objective on shares of Ralph Lauren in a research report on Monday, March 18th. Finally, OTR Global upgraded Ralph Lauren to a positive rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $137.47.

RL traded down $0.14 during trading on Wednesday, reaching $115.54. 24,103 shares of the stock were exchanged, compared to its average volume of 1,018,528. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 2.90. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.51 and a beta of 0.69. Ralph Lauren has a 1 year low of $95.63 and a 1 year high of $147.79.



Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, May 14th. The textile maker reported $1.07 EPS for the quarter, topping the Zacks’ 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 16.85% and a net margin of 6.95%. Ralph Lauren’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. On average, analysts predict that Ralph Lauren will post 7.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.6875 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.75 annualized dividend and a yield of 2.38%. Ralph Lauren’s payout ratio is 41.46%.

In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of Ralph Lauren stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the completion of the sale, the director now owns 7,278 shares in the company, valued at approximately $917,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.49% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Ralph Lauren in the 4th quarter valued at about $26,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Ralph Lauren by 11,845.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 2,703,760 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Ralph Lauren by 3,333.3% in the 1st quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Ralph Lauren by 184.2% in the 1st quarter. Fifth Third Bancorp now owns 216 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Ralph Lauren by 44.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 65.84% of the company’s stock.

About Ralph Lauren

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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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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