Analysts at Credit Suisse Group began coverage on shares of Ralph Lauren (NYSE:RL) in a note issued to investors on Monday. The firm set an “outperform” rating and a $125.00 price target on the textile maker’s stock. Credit Suisse Group’s target price suggests a potential upside of 16.30% from the stock’s previous close.
RL has been the topic of several other reports. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Nomura raised their target price on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Finally, Telsey Advisory Group raised their target price on shares of Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren has an average rating of “Hold” and an average target price of $98.88.
Shares of Ralph Lauren (NYSE RL) traded up $1.64 during mid-day trading on Monday, reaching $107.48. 643,910 shares of the company’s stock traded hands, compared to its average volume of 1,034,211. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8,603.63, a P/E ratio of -106.42, a P/E/G ratio of 1.75 and a beta of 0.69. Ralph Lauren has a 52-week low of $66.06 and a 52-week high of $119.33.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, topping the consensus estimate of $1.87 by $0.16. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. sell-side analysts forecast that Ralph Lauren will post 5.93 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC bought a new position in Ralph Lauren during the fourth quarter worth $201,000. Cigna Investments Inc. New bought a new position in Ralph Lauren during the fourth quarter worth $214,000. Jump Trading LLC bought a new position in Ralph Lauren during the fourth quarter worth $217,000. First Allied Advisory Services Inc. bought a new position in Ralph Lauren during the fourth quarter worth $223,000. Finally, Liberty Mutual Group Asset Management Inc. bought a new position in Ralph Lauren during the fourth quarter worth $229,000. 73.83% of the stock is owned by institutional investors and hedge funds.
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About Ralph Lauren
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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