Ralph Lauren Corp PT Lowered to $180.00 (RL)
Equities researchers at UBS AG lowered their price target on shares of Ralph Lauren Corp (NYSE:RL) from $185.00 to $180.00 in a research report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 22.17% from the company’s current price.
Ralph Lauren Corp (NYSE:RL) traded down 0.99% on Monday, hitting $147.34. 2,628,332 shares of the company’s stock traded hands. Ralph Lauren Corp has a 1-year low of $141.93 and a 1-year high of $192.03. The stock has a 50-day moving average of $155.3 and a 200-day moving average of $163.. The company has a market cap of $13.143 billion and a P/E ratio of 17.65. Ralph Lauren Corp also saw unusually large options trading activity on Friday. Investors acquired 5,640 put options on the stock. This represents an increase of approximately 344% compared to the average volume of 1,271 put options.
Ralph Lauren Corp (NYSE:RL) last issued its quarterly earnings data on Friday, May 9th. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.05. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Ralph Lauren Corp will post $9.09 earnings per share for the current fiscal year.
A number of other firms have also recently commented on RL. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Ralph Lauren Corp in a research note on Monday. Separately, analysts at MLV & Co
reiterated a “buy” rating on shares of Ralph Lauren Corp in a research note on Monday. They now have a $32.00 price target on the stock, up previously from $30.00. Finally, analysts at Credit Suisse downgraded shares of Ralph Lauren Corp from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $165.00 price target on the stock, down previously from $185.00. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $171.88.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.