Ralph Lauren (NYSE:RL) had its price objective upped by stock analysts at UBS Group from $102.00 to $112.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price points to a potential downside of 0.54% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other research firms have also recently weighed in on RL. Guggenheim reissued a “hold” rating on shares of Ralph Lauren in a research report on Thursday, November 7th. Bank of America lowered their price objective on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Goldman Sachs Group reissued a “sell” rating on shares of Ralph Lauren in a research report on Wednesday, July 31st. Atlantic Securities raised Ralph Lauren from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $135.00 to $138.00 in a research report on Tuesday, September 24th. They noted that the move was a valuation call. Finally, Credit Suisse Group lowered their price objective on Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Ralph Lauren has an average rating of “Hold” and a consensus target price of $127.50.
Shares of NYSE:RL traded up $1.22 on Thursday, reaching $112.61. The company had a trading volume of 656,266 shares, compared to its average volume of 1,287,283. Ralph Lauren has a 52-week low of $82.69 and a 52-week high of $133.63. The firm’s 50 day simple moving average is $97.82 and its 200-day simple moving average is $104.11. The firm has a market capitalization of $8.55 billion, a PE ratio of 15.66, a PEG ratio of 2.84 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.16. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.26 EPS. As a group, equities research analysts predict that Ralph Lauren will post 7.69 earnings per share for the current year.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $92.95, for a total transaction of $6,639,232.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jane Nielsen sold 10,000 shares of Ralph Lauren stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $113.84, for a total value of $1,138,400.00. Following the sale, the chief financial officer now directly owns 65,308 shares of the company’s stock, valued at approximately $7,434,662.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 402,854 shares of company stock valued at $39,756,662. 34.26% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Securian Asset Management Inc lifted its position in Ralph Lauren by 2.1% during the 2nd quarter. Securian Asset Management Inc now owns 5,354 shares of the textile maker’s stock worth $608,000 after acquiring an additional 109 shares during the period. Squar Milner Financial Services LLC lifted its position in Ralph Lauren by 11.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock worth $135,000 after acquiring an additional 147 shares during the period. CSat Investment Advisory L.P. lifted its position in Ralph Lauren by 40.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 515 shares of the textile maker’s stock worth $59,000 after acquiring an additional 148 shares during the period. DNB Asset Management AS lifted its position in Ralph Lauren by 1.0% during the 3rd quarter. DNB Asset Management AS now owns 16,620 shares of the textile maker’s stock worth $1,587,000 after acquiring an additional 163 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in Ralph Lauren by 0.4% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 48,420 shares of the textile maker’s stock worth $4,623,000 after acquiring an additional 200 shares during the period. 65.77% of the stock is owned by institutional investors.
Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
Further Reading: What is a capital gain?
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.