Barclays Begins Coverage on Ralph Lauren (NYSE:RL)

Barclays started coverage on shares of Ralph Lauren (NYSE:RL) in a research note released on Tuesday morning, 24/7 WallStreet reports. The brokerage issued an overweight rating and a $130.00 target price on the textile maker’s stock.

Other equities analysts also recently issued research reports about the stock. Goldman Sachs Group reissued a sell rating on shares of Ralph Lauren in a research note on Wednesday, July 31st. Piper Jaffray Companies lifted their target price on shares of Ralph Lauren from $91.00 to $102.00 and gave the stock a neutral rating in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Ralph Lauren from an overweight rating to a neutral rating in a research note on Tuesday, July 30th. Bank of America lowered their target price on shares of Ralph Lauren from $98.00 to $76.00 and set an underperform rating for the company in a research note on Monday, August 26th. Finally, Credit Suisse Group lowered their target price on shares of Ralph Lauren from $158.00 to $145.00 and set an outperform rating for the company in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $127.50.

Shares of RL stock traded up $1.22 during trading hours on Tuesday, hitting $112.61. 656,266 shares of the company’s stock traded hands, compared to its average volume of 1,287,283. The stock’s 50 day simple moving average is $97.82 and its 200 day simple moving average is $104.11. The stock has a market cap of $8.55 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.90. Ralph Lauren has a 12 month low of $82.69 and a 12 month high of $133.63. The company has a quick ratio of 1.37, a current ratio of 1.95 and a debt-to-equity ratio of 0.70.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.16. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Ralph Lauren had a net margin of 7.08% and a return on equity of 19.52%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 earnings per share. As a group, equities research analysts expect that Ralph Lauren will post 7.69 EPS for the current fiscal year.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $111.62, for a total value of $7,972,793.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jane Nielsen sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $113.84, for a total transaction of $1,138,400.00. Following the completion of the sale, the chief financial officer now owns 65,308 shares of the company’s stock, valued at $7,434,662.72. The disclosure for this sale can be found here. Insiders sold 402,854 shares of company stock valued at $39,756,662 over the last 90 days. Corporate insiders own 34.26% of the company’s stock.

A number of large investors have recently bought and sold shares of RL. KBC Group NV grew its holdings in shares of Ralph Lauren by 598.1% during the second quarter. KBC Group NV now owns 58,328 shares of the textile maker’s stock valued at $6,626,000 after buying an additional 49,973 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Ralph Lauren by 16.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the textile maker’s stock valued at $498,000 after buying an additional 620 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ralph Lauren by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock valued at $204,829,000 after buying an additional 87,683 shares during the last quarter. Psagot Investment House Ltd. acquired a new position in shares of Ralph Lauren during the second quarter valued at about $165,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ralph Lauren by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 1,060,353 shares of the textile maker’s stock valued at $120,444,000 after buying an additional 28,594 shares during the last quarter. Institutional investors and hedge funds own 65.77% 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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