Ralph Lauren Corp (RL) Now Covered by Tigress Financial
Equities research analysts at Tigress Financial started coverage on shares of Ralph Lauren Corp (NYSE:RL) in a report issued on Thursday. The firm set a “neutral” rating on the textile maker’s stock.
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $75.00 price target (down from $84.00) on shares of Ralph Lauren Corp in a research note on Friday, May 19th. Instinet restated a “neutral” rating and issued a $79.00 price objective (down from $93.00) on shares of Ralph Lauren Corp in a report on Tuesday, February 7th. Zacks Investment Research upgraded Ralph Lauren Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Goldman Sachs Group Inc downgraded Ralph Lauren Corp from a “conviction-buy” rating to a “neutral” rating and decreased their price objective for the company from $118.00 to $85.00 in a report on Thursday, February 2nd. Finally, Cowen and Company restated a “market perform” rating and issued a $98.00 price objective on shares of Ralph Lauren Corp in a report on Thursday, January 26th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $94.17.
Ralph Lauren Corp (NYSE:RL) traded up 0.24% during mid-day trading on Thursday, hitting $66.84. The stock had a trading volume of 774,616 shares. The stock’s 50-day moving average is $78.18 and its 200 day moving average is $87.11. The company’s market capitalization is $5.41 billion. Ralph Lauren Corp has a 52 week low of $66.26 and a 52 week high of $114.00.
Ralph Lauren Corp (NYSE:RL) last issued its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. Equities analysts forecast that Ralph Lauren Corp will post $5.15 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in RL. Intellectus Partners LLC acquired a new position in shares of Ralph Lauren Corp during the fourth quarter valued at $100,000. Quantbot Technologies LP acquired a new position in shares of Ralph Lauren Corp during the third quarter valued at $110,000. Ameritas Investment Partners Inc. acquired a new position in shares of Ralph Lauren Corp during the first quarter valued at $110,000. Kazazian Asset Management LLC acquired a new position in shares of Ralph Lauren Corp during the first quarter valued at $111,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Ralph Lauren Corp by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock valued at $139,000 after buying an additional 300 shares during the last quarter. 62.15% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren Corp
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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