Zacks Investment Research downgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a sell rating in a research report sent to investors on Monday.

According to Zacks, “Ralph Lauren underperformed the industry in the past month. The company’s North America business continues to suffer due to distribution and brand exits; planned reduction in shipments and promotions to enhance the quality of sales; and lower customer demand. Second-quarter fiscal 2018 marked the company’s 11th consecutive earnings beat and sales topped estimates after two consecutive misses. However, revenues at the North America segment slumped 16% in the second quarter owing to lower retail and wholesale sales. Estimates have been going down ahead of the third-quarter earnings. Additionally, high dependence on outside suppliers poses threats. Nonetheless, the company adjusted its fiscal 2018 guidance to account for the recent positive movements in foreign currency rates, which will aid revenue and operating margins in fiscal 2018. The company remains on track to deliver its goals under its Way Forward Plan, which bodes well.”

A number of other brokerages also recently weighed in on RL. Bank of America downgraded Ralph Lauren from a neutral rating to an underperform rating and lowered their price target for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. ValuEngine raised Ralph Lauren from a hold rating to a buy rating in a research report on Friday, December 1st. Cowen set a $95.00 price target on Ralph Lauren and gave the stock a hold rating in a research report on Thursday, November 16th. TheStreet raised Ralph Lauren from a c rating to a b- rating in a research report on Monday, November 6th. Finally, Barclays boosted their price target on Ralph Lauren from $84.00 to $87.00 and gave the stock an underweight rating in a research report on Monday, November 6th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $88.66.

Ralph Lauren (NYSE RL) traded up $0.85 on Monday, reaching $106.79. The company had a trading volume of 980,268 shares, compared to its average volume of 1,150,000. Ralph Lauren has a fifty-two week low of $66.06 and a fifty-two week high of $106.92. The company has a market capitalization of $8,680.00, a price-to-earnings ratio of 111.24, a PEG ratio of 2.13 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. Ralph Lauren’s revenue was down 8.6% on a year-over-year basis. equities research analysts anticipate that Ralph Lauren will post 5.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 28th. Ralph Lauren’s payout ratio is 208.33%.

In other news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the transaction, the insider now owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.93% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Ralph Lauren by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after purchasing an additional 2,186,269 shares during the last quarter. BlackRock Inc. grew its position in shares of Ralph Lauren by 26.7% in the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after purchasing an additional 1,225,845 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Ralph Lauren by 35.7% in the third quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock valued at $136,894,000 after purchasing an additional 408,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ralph Lauren by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock valued at $127,633,000 after purchasing an additional 12,554 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Ralph Lauren by 973.3% in the third quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after purchasing an additional 1,279,221 shares during the last quarter. 66.87% of the stock is currently owned by institutional investors.

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Ralph Lauren Company Profile

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.

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