Credit Suisse Group assumed coverage on shares of Ralph Lauren (NYSE:RL) in a research report report published on Monday morning. The firm issued an outperform rating and a $125.00 target price on the textile maker’s stock.
A number of other equities research analysts have also recently commented on the company. ValuEngine upgraded Ralph Lauren from a hold rating to a buy rating in a research report on Friday, February 2nd. Bank of America cut Ralph Lauren from a neutral rating to an underperform rating and lowered their price objective for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Cowen set a $95.00 price objective on Ralph Lauren and gave the stock a hold rating in a report on Thursday, November 16th. Zacks Investment Research cut Ralph Lauren from a buy rating to a hold rating in a report on Friday, December 15th. Finally, Royal Bank of Canada reiterated a hold rating and issued a $113.00 price objective on shares of Ralph Lauren in a report on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $98.88.
Shares of Ralph Lauren (NYSE:RL) opened at $107.48 on Monday. Ralph Lauren has a 12-month low of $66.06 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The company has a market capitalization of $8,603.63, a PE ratio of -106.42, a PEG ratio of 1.75 and a beta of 0.69.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RL. Handelsbanken Fonder AB raised its position in shares of Ralph Lauren by 71.4% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the textile maker’s stock valued at $622,000 after buying an additional 2,500 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $6,501,000. Disciplined Growth Investors Inc. MN raised its position in shares of Ralph Lauren by 0.3% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 404,078 shares of the textile maker’s stock valued at $41,899,000 after buying an additional 1,068 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $841,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $1,777,000. 73.83% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren
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.
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.