Ralph Lauren (NYSE:RL) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

RL has been the topic of a number of other reports. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Deutsche Bank raised their price objective on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. UBS Group set a $70.00 price objective on shares of Lumentum and gave the stock a “buy” rating in a report on Wednesday, May 8th. Nomura decreased their price objective on shares of Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, May 15th. Finally, TheStreet upgraded shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Ralph Lauren has an average rating of “Hold” and a consensus target price of $134.31.

Shares of RL traded down $4.21 during trading hours on Tuesday, reaching $107.06. 168,906 shares of the stock traded hands, compared to its average volume of 964,109. The company has a current ratio of 3.00, a quick ratio of 2.31 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $112.25. Ralph Lauren has a 52 week low of $95.63 and a 52 week high of $147.79. The stock has a market cap of $8.56 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, July 30th. The textile maker reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. Ralph Lauren had a net margin of 6.83% and a return on equity of 17.38%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $1.54 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Ralph Lauren will post 7.74 EPS for the current year.

In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $112.22, for a total value of $8,015,650.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 357,140 shares of company stock valued at $39,388,256 in the last 90 days. 34.26% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Meritage Portfolio Management bought a new stake in Ralph Lauren during the second quarter valued at approximately $2,336,000. Smith Graham & Co. Investment Advisors LP lifted its position in Ralph Lauren by 4.8% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 48,220 shares of the textile maker’s stock valued at $5,477,000 after purchasing an additional 2,200 shares during the last quarter. First Trust Advisors LP lifted its position in Ralph Lauren by 439.2% during the second quarter. First Trust Advisors LP now owns 31,561 shares of the textile maker’s stock valued at $3,585,000 after purchasing an additional 25,708 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ralph Lauren by 6.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,124 shares of the textile maker’s stock valued at $8,647,000 after purchasing an additional 4,609 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Ralph Lauren by 565.8% during the second quarter. Janney Montgomery Scott LLC now owns 11,092 shares of the textile maker’s stock valued at $1,260,000 after purchasing an additional 9,426 shares during the last quarter. Hedge funds and other institutional investors own 65.97% 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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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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