Ralph Lauren Corporation (RL) Now Covered by Analysts at Barclays PLC
Equities researchers at Barclays PLC initiated coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “underweight” rating on the textile maker’s stock.
RL has been the subject of a number of other research reports. Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren Corporation in a research note on Tuesday, September 12th. Buckingham Research lifted their target price on shares of Ralph Lauren Corporation from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Cowen and Company reissued a “hold” rating and set a $89.00 target price on shares of Ralph Lauren Corporation in a research note on Sunday. Macquarie raised shares of Ralph Lauren Corporation to a “buy” rating and lifted their target price for the company from $96.00 to $100.00 in a research note on Tuesday, September 5th. Finally, Credit Suisse Group raised shares of Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 target price for the company in a research note on Friday, September 8th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $91.49.
Ralph Lauren Corporation (NYSE RL) traded up 0.96% during midday trading on Tuesday, reaching $91.03. The company had a trading volume of 1,071,158 shares. The company’s market capitalization is $7.40 billion. The company’s 50 day moving average is $86.13 and its 200-day moving average is $78.34. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the 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 firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $1.06 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. Equities analysts expect that Ralph Lauren Corporation will post $5.32 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of RL. 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 valued at $101,000 after acquiring an additional 96 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Ralph Lauren Corporation in the first quarter valued at about $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 valued at $139,000 after acquiring an additional 300 shares during the period. 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 valued at $162,000 after acquiring an additional 979 shares during the period. Finally, Engine Capital Management LLC bought a new stake in Ralph Lauren Corporation in the first quarter valued at about $163,000. 62.88% of the stock is currently owned by institutional investors and hedge funds.
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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