Ralph Lauren Corp (RL) Stock Rating Reaffirmed by Telsey Advisory Group
Ralph Lauren Corp (NYSE:RL)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued on Friday. They currently have a $78.00 target price on the textile maker’s stock, down from their prior target price of $82.00. Telsey Advisory Group’s price objective suggests a potential upside of 12.57% from the stock’s current price.
Several other brokerages have also recently issued reports on RL. Cowen and Company restated a “market perform” rating and issued a $98.00 price objective on shares of Ralph Lauren Corp in a research note on Thursday, January 26th. Evercore ISI lowered Ralph Lauren Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Goldman Sachs Group Inc lowered Ralph Lauren Corp from a “conviction-buy” rating to a “neutral” rating and lowered their price target for the stock from $118.00 to $85.00 in a research note on Thursday, February 2nd. Citigroup Inc downgraded Ralph Lauren Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, February 2nd. Finally, Zacks Investment Research upgraded Ralph Lauren Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $94.17.
Shares of Ralph Lauren Corp (NYSE:RL) traded down 2.93% during midday trading on Friday, reaching $69.29. 4,195,636 shares of the company were exchanged. Ralph Lauren Corp has a 12-month low of $68.23 and a 12-month high of $114.00. The stock has a market capitalization of $5.70 billion, a P/E ratio of 39.62 and a beta of 0.88. The company has a 50 day moving average price of $79.27 and a 200-day moving average price of $87.86.
Ralph Lauren Corp (NYSE:RL) last released its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Ralph Lauren Corp had a return on equity of 13.14% and a net margin of 2.10%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Ralph Lauren Corp’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts forecast that Ralph Lauren Corp will post $5.15 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in RL. Bank of Nova Scotia bought a new stake in Ralph Lauren Corp during the first quarter valued at $8,162,000. FNY Partners Fund LP raised its stake in Ralph Lauren Corp by 19,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the textile maker’s stock valued at $244,000 after buying an additional 2,985 shares during the last quarter. Janus Capital Management LLC raised its stake in Ralph Lauren Corp by 1,650.2% in the first quarter. Janus Capital Management LLC now owns 107,516 shares of the textile maker’s stock valued at $8,776,000 after buying an additional 101,373 shares during the last quarter. Engine Capital Management LLC bought a new stake in Ralph Lauren Corp during the first quarter valued at $163,000. Finally, Credit Suisse AG raised its stake in Ralph Lauren Corp by 22.4% in the first quarter. Credit Suisse AG now owns 291,231 shares of the textile maker’s stock valued at $23,770,000 after buying an additional 53,236 shares during the last quarter. Institutional investors own 62.15% of the company’s stock.
Ralph Lauren Corp Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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