Ralph Lauren Corp Stock Rating Reaffirmed by Maxim Group (RL)
Ralph Lauren Corp (NYSE:RL)‘s stock had its “buy” rating reaffirmed by Maxim Group in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $203.00 price objective on the stock. Maxim Group’s price target points to a potential upside of 33.28% from the stock’s previous close.
Shares of Ralph Lauren Corp (NYSE:RL) traded up 0.55% on Tuesday, hitting $152.31. 869,814 shares of the company’s stock traded hands. Ralph Lauren Corp 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 $157.6 and a 200-day moving average of $164.5. The company has a market cap of $13.645 billion and a P/E ratio of 18.70.
Ralph Lauren Corp (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 Corp’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Ralph Lauren Corp will post $8.38 EPS for the current fiscal year.
RL has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of Ralph Lauren Corp in a research note on Tuesday, March 18th. They set an “overweight” rating and a $180.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Ralph Lauren Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. They now have a $185.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Ralph Lauren Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Ralph Lauren Corp has an average rating of “Buy” and a consensus price target of $183.57.
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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