Ralph Lauren (NYSE:RL) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Ralph Lauren (NYSE:RL) from a buy rating to a hold rating in a research note published on Tuesday morning.

A number of other equities analysts have also weighed in on the company. TD Cowen upped their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price objective for the company. Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, April 14th. Wells Fargo & Company raised shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $275.00 to $240.00 in a research note on Tuesday, April 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.14.

Ralph Lauren Price Performance

NYSE RL opened at $251.45 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 12 month low of $155.96 and a 12 month high of $289.33. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.73 and a beta of 1.44. The company’s 50 day moving average is $219.02 and its two-hundred day moving average is $230.20.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Institutional Trading of Ralph Lauren

A number of large investors have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Ralph Lauren by 3.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker’s stock worth $489,795,000 after acquiring an additional 70,544 shares in the last quarter. FMR LLC increased its holdings in Ralph Lauren by 16.9% during the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock valued at $326,946,000 after buying an additional 205,121 shares during the period. Invesco Ltd. raised its stake in Ralph Lauren by 30.6% in the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after buying an additional 289,924 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after buying an additional 82,819 shares during the period. Finally, Boston Partners boosted its position in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after acquiring an additional 65,303 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.