Published: Sun, February 05, 2017
Economy | By Melissa Porter

UBS Securities Downgraded Polo Ralph Lauren Corporation (NYSE:RL) To 'Neutral'

UBS Securities Downgraded Polo Ralph Lauren Corporation (NYSE:RL) To 'Neutral'

Larsson was brought on board to implement a new creative vision, but reportedly he and Ralph Lauren, 77, disagreed on how to revive the brand.

RL's retail revenue fell 2%, and comparable store sales fell 5% on account of lower traffic and a fall in the average transaction size.

Ralph Lauren Corporation's (RL) stock price distance from twenty day simple moving average slumped at -13.51% while its distance from fifty day simple moving average declined -20.27% along with -20.74% below distance from two hundred simple moving averages. Total debt to equity ratio of the company for most recent quarter is 0.27 whereas long term debt to equity ratio for most recent quarter is 0.24. American Century Companies Inc. boosted its position in Ralph Lauren Corporation by 18.6% in the second quarter. This showed the surprise of 13.4% in the last quarter earnings. Itau Unibanco Holding S.A. acquired a new position in Ralph Lauren Corporation during the third quarter worth about $149,000.

Shares in Polo Ralph Lauren Corporation have risen as high as 114 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 75.9. 1,088,398 shares of the company were exchanged. Ralph Lauren Corporation's (RL) is a part of Consumer Goods sector and belongs to Textile - Apparel Clothing industry. The business's 50 day moving average is 89.42 and its 200 day moving average is 99.44.

Many research firms have provided their ratings on Ralph Lauren Corporation (NYSE:RL) where Citigroup provided Neutral rating on the stock on 2-Feb-17. These analysts have also projected a Low Estimate of $1.51/share and a High Estimate of $1.7/share. This quarter analysts say they expect sales to move at $333.96 million - higher from $232 million the year before. Therefore, the stated figure displays a quarterly performance of -21.92% and year to date performance of -15.18%. Ralph Lauren Corporation has 1 year price target of $95.11. The Company expected to announce next earnings approximately $0.98 per share.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.48 percent. This appreciation has taken its current market value to9.39B and a price-to-earnings ratio to 14.05.

A number of institutional investors have recently bought and sold shares of RL. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $35.60 on company shares. "As much as Ralph Lauren should be respected for his significant achievements and his undeniable design talent, we are concerned by the orthodoxy of his leadership, under which questioning and fresh thinking are relatively rare". There may be various price targets for a stock. Finally, Goldman Sachs Group, Inc. Zacks Investment Research lowered shares of Ralph Lauren Corporation from a "buy" rating to a "hold" rating in a report on Monday, December 12th. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. The stock has a consensus rating of "Hold" and an average target price of $104.93.

On Thursday, the retail company also released its third quarter fiscal 2017 financial results.

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