Analysts at Needham & Company LLC assumed coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a report issued on Tuesday, The Fly reports. The brokerage set a “hold” rating on the textile maker’s stock.

RL has been the topic of a number of other reports. Vetr upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $81.53 price target on the stock in a report on Tuesday, March 21st. Tigress Financial started coverage on Ralph Lauren Corporation in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Royal Bank Of Canada started coverage on Ralph Lauren Corporation in a report on Monday, April 10th. They issued a “sector perform” rating and a $84.00 price target on the stock. Finally, BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.44.

Ralph Lauren Corporation (NYSE:RL) traded down 0.93% during midday trading on Tuesday, hitting $72.14. The stock had a trading volume of 1,050,937 shares. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The company’s 50 day moving average price is $70.81 and its 200-day moving average price is $80.36. The stock’s market cap is $5.84 billion.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $0.88 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. Analysts forecast that Ralph Lauren Corporation will post $4.76 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of RL. Vanguard Group Inc. boosted its position in shares of Ralph Lauren Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock valued at $465,959,000 after buying an additional 495,685 shares during the period. BlackRock Inc. boosted its position in shares of Ralph Lauren Corporation by 3,678.8% in the first quarter. BlackRock Inc. now owns 4,583,697 shares of the textile maker’s stock valued at $374,123,000 after buying an additional 4,462,396 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ralph Lauren Corporation by 113.7% in the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock valued at $201,582,000 after buying an additional 1,314,237 shares during the period. American Century Companies Inc. boosted its position in shares of Ralph Lauren Corporation by 25.3% in the first quarter. American Century Companies Inc. now owns 1,284,223 shares of the textile maker’s stock valued at $104,818,000 after buying an additional 259,566 shares during the period. Finally, International Value Advisers LLC bought a new position in shares of Ralph Lauren Corporation during the first quarter valued at about $82,868,000. 57.96% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren Corporation

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.

The Fly

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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