Ralph Lauren Corp (NYSE:RL) has been given an average recommendation of “Hold” by the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $132.93.

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Guggenheim reissued a “hold” rating on shares of Ralph Lauren in a research report on Wednesday, May 23rd. Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, May 24th. Barclays increased their price objective on shares of Ralph Lauren from $103.00 to $110.00 and gave the company a “sell” rating in a research report on Thursday, May 24th. Finally, Nomura increased their price objective on shares of Ralph Lauren from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, May 24th.

In related news, insider David R. Lauren sold 1,764 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $142.94, for a total value of $252,146.16. Following the transaction, the insider now directly owns 633,197 shares of the company’s stock, valued at approximately $90,509,179.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. George acquired 1,815 shares of the stock in a transaction on Thursday, August 9th. The shares were acquired at an average cost of $137.72 per share, for a total transaction of $249,961.80. Following the completion of the transaction, the director now directly owns 2,897 shares in the company, valued at approximately $398,974.84. The disclosure for this purchase can be found here. Company insiders own 32.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock worth $360,125,000 after purchasing an additional 912,403 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in Ralph Lauren by 1.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,158,300 shares of the textile maker’s stock worth $241,298,000 after purchasing an additional 37,800 shares during the last quarter. Janus Henderson Group PLC grew its position in Ralph Lauren by 48.6% during the 2nd quarter. Janus Henderson Group PLC now owns 887,629 shares of the textile maker’s stock worth $111,600,000 after purchasing an additional 290,386 shares during the last quarter. Millennium Management LLC grew its position in Ralph Lauren by 46.8% during the 2nd quarter. Millennium Management LLC now owns 874,008 shares of the textile maker’s stock worth $109,880,000 after purchasing an additional 278,524 shares during the last quarter. Finally, Northern Trust Corp grew its position in Ralph Lauren by 2.9% during the 1st quarter. Northern Trust Corp now owns 718,092 shares of the textile maker’s stock worth $80,282,000 after purchasing an additional 19,909 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

Ralph Lauren stock traded down $1.02 during mid-day trading on Monday, reaching $130.04. 702,407 shares of the company’s stock were exchanged, compared to its average volume of 847,134. The firm has a market cap of $10.63 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.07 and a beta of 0.66. Ralph Lauren has a twelve month low of $83.26 and a twelve month high of $147.79. The company has a quick ratio of 1.70, a current ratio of 2.27 and a debt-to-equity ratio of 0.08.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, July 31st. The textile maker reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.18. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Ralph Lauren had a net margin of 3.41% and a return on equity of 15.49%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. equities research analysts anticipate that Ralph Lauren will post 6.64 earnings per share for the current fiscal year.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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