Ralph Lauren Corporation’s (RL) Hold Rating Reiterated at Cowen and Company
Ralph Lauren Corporation (NYSE:RL)‘s stock had its “hold” rating reissued by analysts at Cowen and Company in a research note issued to investors on Sunday. They currently have a $89.00 target price on the textile maker’s stock. Cowen and Company’s price objective would suggest a potential downside of 2.06% from the company’s current price.
A number of other research firms have also weighed in on RL. Macquarie raised shares of Ralph Lauren Corporation to a “buy” rating and raised their target price for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $75.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 7th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $66.00 price target on shares of Ralph Lauren Corporation in a research report on Friday, July 14th. Atlantic Securities raised shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $93.00 in a research report on Wednesday, August 9th. Finally, UBS AG reaffirmed a “positive” rating and set a $90.00 price target (up previously from $73.00) on shares of Ralph Lauren Corporation in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ralph Lauren Corporation currently has an average rating of “Hold” and an average price target of $91.49.
Shares of Ralph Lauren Corporation (NYSE:RL) opened at 90.87 on Friday. The firm’s 50-day moving average price is $85.26 and its 200 day moving average price is $78.21. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00. The company’s market capitalization is $7.38 billion.
Ralph Lauren Corporation (NYSE:RL) last released its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The business 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 posted $1.06 EPS. The business’s revenue was down 13.2% on a year-over-year basis. Equities analysts predict that Ralph Lauren Corporation will post $5.32 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of RL. LMR Partners LLP acquired a new position in shares of Ralph Lauren Corporation in the first quarter worth $580,000. Trexquant Investment LP grew its stake in shares of Ralph Lauren Corporation by 34.1% in the first quarter. Trexquant Investment LP now owns 5,900 shares of the textile maker’s stock worth $482,000 after acquiring an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $201,582,000 after acquiring an additional 1,314,237 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Ralph Lauren Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 217,434 shares of the textile maker’s stock worth $17,747,000 after acquiring an additional 2,274 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Ralph Lauren Corporation by 11.0% in the first quarter. UBS Asset Management Americas Inc. now owns 145,367 shares of the textile maker’s stock worth $11,865,000 after acquiring an additional 14,421 shares in the last quarter. Hedge funds and other institutional investors own 62.89% of the company’s stock.
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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