Ralph Lauren (NYSE:RL)‘s stock had its “buy” rating restated by analysts at Credit Suisse Group in a research note issued to investors on Friday, AnalystRatings.com reports.
RL has been the topic of several other research reports. Cfra cut their target price on Ralph Lauren from $125.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Telsey Advisory Group lowered their price target on shares of Ralph Lauren from $92.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Ralph Lauren in a research note on Friday. Wells Fargo & Co decreased their target price on shares of Ralph Lauren from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Finally, Royal Bank of Canada increased their price objective on shares of Ralph Lauren from $77.00 to $82.00 and gave the company a “sector perform” rating in a research note on Monday, June 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $101.00.
Shares of Ralph Lauren stock traded up $0.22 during trading on Friday, hitting $71.30. The stock had a trading volume of 1,086,141 shares, compared to its average volume of 741,270. The company has a quick ratio of 1.26, a current ratio of 1.61 and a debt-to-equity ratio of 0.73. Ralph Lauren has a 1 year low of $59.82 and a 1 year high of $128.29. The stock has a 50 day simple moving average of $71.59 and a 200 day simple moving average of $85.50. The company has a market capitalization of $5.18 billion, a PE ratio of 10.97, a P/E/G ratio of 2.55 and a beta of 1.28.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its holdings in shares of Ralph Lauren by 189.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 149,260 shares of the textile maker’s stock worth $9,975,000 after buying an additional 97,684 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Ralph Lauren by 58.4% in the first quarter. Deutsche Bank AG now owns 106,890 shares of the textile maker’s stock valued at $7,142,000 after buying an additional 39,429 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Ralph Lauren by 4.7% in the first quarter. Principal Financial Group Inc. now owns 92,925 shares of the textile maker’s stock valued at $6,210,000 after buying an additional 4,169 shares in the last quarter. Strs Ohio grew its stake in shares of Ralph Lauren by 4,611.3% in the first quarter. Strs Ohio now owns 35,759 shares of the textile maker’s stock valued at $2,389,000 after buying an additional 35,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Ralph Lauren by 88.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 85,751 shares of the textile maker’s stock worth $5,731,000 after purchasing an additional 40,195 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.
About Ralph Lauren
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.
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