Ralph Lauren Corporation Price Target Cut to $185.00 (RL)
Investment analysts at UBS AG lowered their target price on shares of Ralph Lauren Corporation (NYSE:RL) from $195.00 to $185.00 in a note issued to investors on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 18.67% from the company’s current price.
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 in a research note to investors on Thursday. They now have a $156.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Ralph Lauren Corporation to $185.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at McLean Capital Management downgraded shares of Ralph Lauren Corporation from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $187.55.
Shares of Ralph Lauren Corporation (NYSE:RL) traded up 2.40% during mid-day trading on Friday, hitting $155.89. 1,943,858 shares of the company’s stock traded hands. Ralph Lauren Corporation has a 52-week low of $146.00 and a 52-week high of $192.03. The stock has a 50-day moving average of $166.2 and a 200-day moving average of $169.. The company has a market cap of $14.083 billion and a P/E ratio of 19.40. Ralph Lauren Corporation also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 15,997 call options on the stock. This represents an increase of approximately 744% compared to the typical daily volume of 1,895 call options.
Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.51 by $0.06. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $2.40 earnings per share. Ralph Lauren Corporation’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Ralph Lauren Corporation will post $8.42 EPS for the current fiscal year.
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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