Ralph Lauren Corporation (RL) Receives Average Rating of “Hold” from Brokerages
Ralph Lauren Corporation (NYSE:RL) has earned an average rating of “Hold” from the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $86.33.
A number of equities analysts have recently commented on RL shares. Zacks Investment Research upgraded Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $78.00 price objective (down from $82.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Piper Jaffray Companies set a $66.00 price objective on Ralph Lauren Corporation and gave the stock a “sell” rating in a research note on Friday, May 19th. Cowen and Company reiterated a “market perform” rating and issued a $78.00 price objective (down from $84.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $75.00 price objective (down from $84.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th.
A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Ralph Lauren Corporation by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares during the last quarter. Intellectus Partners LLC increased its stake in Ralph Lauren Corporation by 18.2% in the first quarter. Intellectus Partners LLC now owns 1,300 shares of the textile maker’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Ralph Lauren Corporation during the first quarter worth $110,000. Daiwa Securities Group Inc. increased its stake in Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after buying an additional 300 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Ralph Lauren Corporation by 97.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after buying an additional 979 shares during the last quarter. 63.74% of the stock is currently owned by institutional investors.
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Shares of Ralph Lauren Corporation (NYSE RL) traded down 0.604% during trading on Wednesday, hitting $84.805. The stock had a trading volume of 464,012 shares. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00. The stock has a 50-day moving average of $77.20 and a 200 day moving average of $76.85. The firm’s market cap is $6.89 billion.
Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corporation will post $5.29 earnings per share for the current fiscal year.
Ralph Lauren Corporation 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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