Ralph Lauren Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:RL)
Shares of Ralph Lauren Corp (NYSE:RL) have been given an average rating of “Buy” by the seventeen ratings firms that are covering the stock, American Banking & Market News reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $168.62.
Shares of Ralph Lauren Corp (NYSE:RL) opened at 160.44 on Thursday. Ralph Lauren Corp has a 1-year low of $141.93 and a 1-year high of $181.07. The stock’s 50-day moving average is $158.7 and its 200-day moving average is $156.7. The company has a market cap of $14.263 billion and a price-to-earnings ratio of 19.06.
Ralph Lauren Corp (NYSE:RL) last released its earnings data on Wednesday, August 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Ralph Lauren Corp will post $8.69 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse upgraded shares of Ralph Lauren Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $180.00 price target on the stock, up previously from $165.00. 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. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ralph Lauren Corp from $170.00 to $152.00 in a research note on Tuesday, May 13th. They now have a “neutral” rating on the stock.
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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