Ralph Lauren Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:RL)
Ralph Lauren Corp (NYSE:RL) has been given a consensus recommendation of “Buy” by the twenty ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $167.27.
In other Ralph Lauren Corp news, COO Jackwyn Nemerov sold 28,371 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $153.44, for a total transaction of $4,353,246.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on RL shares. Analysts at Zacks downgraded shares of Ralph Lauren Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $142.00 price target on the stock. Separately, analysts at Maxim Group reiterated a “buy” rating on shares of Ralph Lauren Corp in a research note on Thursday, May 15th. They now have a $203.00 price target on the stock.
Ralph Lauren Corp (NYSE:RL) traded down 0.08% on Thursday, hitting $155.82. The stock had a trading volume of 154,214 shares. Ralph Lauren Corp has a one year low of $141.93 and a one year high of $189.80. The stock has a 50-day moving average of $152.8 and a 200-day moving average of $159.5. The company has a market cap of $13.825 billion and a price-to-earnings ratio of 18.50.
Ralph Lauren Corp (NYSE:RL) last announced its earnings results 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 $8.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, June 25th.
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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