Ralph Lauren Corporation (NYSE:RL)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued to clients and investors on Monday, October 16th.
A number of other brokerages have also recently issued reports on RL. Buckingham Research raised their target price on shares of Ralph Lauren Corporation from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, September 13th. Barclays PLC began coverage on shares of Ralph Lauren Corporation in a report on Tuesday, September 19th. They issued an “underweight” rating and a $84.00 target price on the stock. Cowen and Company reissued a “hold” rating and issued a $89.00 target price on shares of Ralph Lauren Corporation in a report on Sunday, September 17th. Royal Bank Of Canada restated a “hold” rating and issued a $88.00 price target on shares of Ralph Lauren Corporation in a research note on Thursday, October 5th. Finally, Macquarie upgraded shares of Ralph Lauren Corporation to a “buy” rating and raised their price target for the company from $96.00 to $100.00 in a research note on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation presently has an average rating of “Hold” and an average price target of $87.37.
Shares of Ralph Lauren Corporation (NYSE:RL) opened at 91.26 on Monday. The stock’s market capitalization is $7.42 billion. The firm has a 50 day moving average price of $88.81 and a 200 day moving average price of $79.83. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.06 earnings per share. Ralph Lauren Corporation’s revenue was down 13.2% on a year-over-year basis. Analysts predict that Ralph Lauren Corporation will post $5.33 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new position in Ralph Lauren Corporation in the 1st quarter worth approximately $110,000. Northwestern Mutual Wealth Management Co. boosted its stake in Ralph Lauren Corporation by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after purchasing an additional 96 shares during the period. Engine Capital Management LLC acquired a new position in Ralph Lauren Corporation in the 1st quarter worth approximately $163,000. Pacer Advisors Inc. boosted its stake in Ralph Lauren Corporation by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after purchasing an additional 238 shares during the period. Finally, Exane Derivatives acquired a new position in Ralph Lauren Corporation in the 2nd quarter worth approximately $175,000. 62.76% of the stock is owned by hedge funds and other institutional investors.
Ralph Lauren Corporation Company 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.
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