Ralph Lauren Corporation Upgraded to Focus List by Citigroup Inc. (RL)
Ralph Lauren Corporation (NYSE:RL) was upgraded by Citigroup Inc. to a “focus list” rating in a research note issued on Wednesday, Stock Ratings Network.com reports. The analysts noted that the move was a valuation call.
Ralph Lauren Corporation (NYSE:RL) traded up 0.52% during mid-day trading on Wednesday, hitting $163.89. 642,411 shares of the company’s stock traded hands. Ralph Lauren Corporation has a 52 week low of $144.14 and a 52 week high of $192.03. The stock’s 50-day moving average is $174.5 and its 200-day moving average is $175.1. The company has a market cap of $14.828 billion and a P/E ratio of 20.61.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.94 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.94. The company had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.65 million. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Ralph Lauren Corporation will post $8.69 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on RL. Analysts at Zacks reiterated a “neutral” rating on shares of Ralph Lauren Corporation (NYSE:RL) in a research note to investors on Friday, August 30th. They now have a $174.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Ralph Lauren Corporation (NYSE:RL) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a research note to investors on Monday, August 12th. They set a “neutral” rating and a $205.00 price target on the stock.
Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Ralph Lauren Corporation has an average rating of “Buy” and an average price target of $184.38.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.
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