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A number of firms have modified their ratings and price targets on shares of Ralph Lauren Corp (NYSE: RL) recently:

  • Ralph Lauren Corp had its price target lowered by analysts at Citigroup Inc. from $180.00 to $178.00. They now have a “buy” rating on the stock. They wrote, “We conducted our 2nd survey of department store retailers across the US in partnership with Sahler Research. The survey tracked men’s & women’s sales performance, inventories, promos, & performance vs. competitors for RL brands at wholesale in CYQ1’14 (RL’s FYQ4 ending Mar ’14). Our survey results & convos w/ industry experts indicate that RL outperformed both peers & overall sluggish retail trends this spring based on brand strength & positive reception to RL’s spring collection. “Retailers surveyed reported that their RL men’s sales momentum continued from holiday into CYQ1 (positive growth y/y), while women’s sales also increased y/y, though slowing slightly from Q4 trends. Despite the consumer’s general purchasing apathy in Q1, RL sales were led by core replenishment programs like polo shirts & sweaters.”
  • Ralph Lauren Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $203.00 price target on the stock.
  • Ralph Lauren Corp had its “buy” rating reaffirmed by analysts at Goldman Sachs.
  • Ralph Lauren Corp was downgraded by analysts at Credit Suisse from an “outperform” rating to a “neutral” rating. They now have a $165.00 price target on the stock, down previously from $185.00. They wrote, “accelerated” SG&A expenses due to the company attempting to globalize its operations will continue longer than expected and could stretch as far as FY17. Buss added that this suggests “sub 10 percent earnings growth for three years running.”
  • Ralph Lauren Corp had its price target lowered by analysts at Deutsche Bank from $190.00 to $180.00.
  • Ralph Lauren Corp had its price target lowered by analysts at Buckingham Research from $215.00 to $200.00.
  • Ralph Lauren Corp had its “buy” rating reaffirmed by analysts at MLV & Co
    . They now have a $32.00 price target on the stock, up previously from $30.00.
  • Ralph Lauren Corp had its price target lowered by analysts at JPMorgan Chase & Co. from $170.00 to $152.00. They now have a “neutral” rating on the stock.
  • Ralph Lauren Corp had its price target lowered by analysts at Janney Montgomery Scott from $176.00 to $171.00. They now have a “buy” rating on the stock.
  • Ralph Lauren Corp had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $155.00 price target on the stock. Zacks‘ analyst wrote, “Ralph Lauren’s initiatives to capitalize on opportunities in emerging markets and its sustained focus on core business activities appear to be the key growth drivers for the stock. Total revenue and earnings per share in the fourth quarter of fiscal 2014 increased 13.6% and 22.6%, respectively. The company’s growth prospects seem promising, given its continuous efforts to expand higher growth businesses such as the accessories category. Moreover, Ralph Lauren’s debt-free balance sheet and ability to generate a strong operating cash flow have helped it in successfully executing long-term strategies. However, we remain slightly cautious about the stock’s future operating performance due to rise in raw material prices, which is weighing on the company’s margins. Hence, we are maintaining our long-term Neutral recommendation on the stock.”
  • Ralph Lauren Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $203.00 price target on the stock.

Shares of Ralph Lauren Corp (NYSE:RL) opened at 147.47 on Friday. Ralph Lauren Corp has a 52-week low of $141.93 and a 52-week high of $192.03. The stock’s 50-day moving average is $154.5 and its 200-day moving average is $163.4. The company has a market cap of $13.154 billion and a price-to-earnings ratio of 17.49.

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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