Ralph Lauren (NYSE:RL) Rating Change

BofA Merrill cut shares of Ralph Lauren (NYSE:RL) from “Neutral” rating to “Underperform” rating in a research note published on 13 December.

The company’s rating downgrade is probably noticed by stock investors, as NYSE:RL is at the moment trading -0.58% lower at $91.42 as of 4:04 PM New York time. Ralph Lauren shares have [From2] 0% in the last 200 days, while the S&P500 has gained 6.00% in the same time period.

According to data compiled by Thomson Reuters, Ralph Lauren (NYSE:RL)’s stock is covered by 20 equity analysts across the Street, with 1 analysts giving it a Sell rating, 10 a Buy rating, while 12 consider it a Hold. The 12-month consensus target price for the stock is $100.9, which reflects an upside potential of 10.37% over the current price.

Institutional Ownership

Zuckerman Investment Group Llc had the most significant stake with ownership of 150,555 shares as of q2 2015 for 4.04% of the stock exposure. Poplar Forest Capital Llc is another bull as the investment manager who is having 444,946 shares of Ralph Lauren or 3.85% of their stock exposure. Furthermore, Southeastern Asset Management Inc Tn have 2.71% of their stock exposure invested in the company for 2.80M shares. The New York-based fund Euclidean Technologies Management Llc disclosed it had bought a stake worth about 2.02% of the investment manager’s stock portfolio in Ralph Lauren. The Maryland-based fund Clearbridge Llc is also positive about the stock, possessing 19,421 shares or 1.63% of their stock exposure.

Ralph Lauren (NYSE:RL) 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.

Ralph Lauren (NYSE:RL) traded down -0.58% on 13 December, hitting $91.42. A total of 526,570 shares of the company’s stock traded hands. This is down from average of 1.59M shares. Ralph Lauren has a 52 week low of $66.06 and a 52 week high of $114. The company has a market cap of $7.39B and a P/E ratio of 94.79.

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The post Ralph Lauren (NYSE:RL) Given a “Underperform” Rating by Analysts at BofA Merrill. Lost Its “Neutral” Rating appeared first on Octafinance.