Ralph Lauren Corp Given Buy Rating at MLV & Co (RL)
Ralph Lauren Corp (NYSE:RL)‘s stock had its “buy” rating reiterated by MLV & Co
in a research note issued on Monday, Analyst Ratings.Net reports. They currently have a $32.00 price objective on the stock, up from their previous price objective of $30.00. MLV & Co
‘s price objective would indicate a potential downside of 78.31% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Maxim Group reiterated a “buy” rating on shares of Ralph Lauren Corp in a research note on Wednesday, May 7th. They now have a $203.00 price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Ralph Lauren Corp from $180.00 to $178.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $168.88.
In other Ralph Lauren Corp news, Chairman Roger Farah unloaded 42,511 shares of the stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $147.74, for a total value of $6,280,575.14. Following the completion of the sale, the chairman now directly owns 87,952 shares of the company’s stock, valued at approximately $12,994,028. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ralph Lauren Corp (NYSE:RL) traded down 1.10% on Monday, hitting $147.52. The stock had a trading volume of 760,506 shares. Ralph Lauren Corp has a one year low of $141.93 and a one year high of $192.03. The stock has a 50-day moving average of $154.7 and a 200-day moving average of $163.5. The company has a market cap of $13.159 billion and a P/E ratio of 17.69.
Ralph Lauren Corp (NYSE:RL) last posted its quarterly earnings results on Friday, May 9th. The company reported $1.68 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.41 earnings per share. Ralph Lauren Corp’s revenue was up 13.6% compared to the same quarter last year. Analysts expect that Ralph Lauren Corp will post $8.77 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.
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.