Ralph Lauren Corporation (NYSE:RL) has been given a $89.00 price objective by equities researchers at Cowen and Company in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price target indicates a potential downside of 0.63% from the company’s current price.

RL has been the subject of several other research reports. Credit Suisse Group raised Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 price target for the company in a report on Friday, September 8th. BidaskClub raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, October 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $88.00 price target on shares of Ralph Lauren Corporation in a report on Thursday, October 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren Corporation in a report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.37.

Shares of Ralph Lauren Corporation (NYSE RL) traded up 1.17% during trading on Tuesday, reaching $90.61. The company’s stock had a trading volume of 1,256,022 shares. The firm’s 50-day moving average is $88.69 and its 200-day moving average is $79.66. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00. The stock’s market capitalization is $7.36 billion.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings results 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. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. Equities analysts expect that Ralph Lauren Corporation will post $5.34 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Cowen and Company Reiterates “$89.00” Price Target for Ralph Lauren Corporation (RL)” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/24/ralph-lauren-corporation-rl-stock-rating-reaffirmed-by-cowen-and-company.html.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Ralph Lauren Corporation by 26.7% during the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after acquiring an additional 1,225,845 shares in the last quarter. Vanguard Group Inc. raised its position in Ralph Lauren Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock valued at $465,959,000 after acquiring an additional 495,685 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ralph Lauren Corporation by 378.0% during the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock valued at $324,786,000 after acquiring an additional 3,480,135 shares in the last quarter. American Century Companies Inc. raised its position in Ralph Lauren Corporation by 10.8% during the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock valued at $105,042,000 after acquiring an additional 139,110 shares in the last quarter. Finally, Global Thematic Partners LLC raised its position in Ralph Lauren Corporation by 13.3% during the second quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock valued at $50,327,000 after acquiring an additional 79,864 shares in the last quarter. Institutional investors own 62.76% 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.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

Receive News & Ratings for Ralph Lauren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corporation and related companies with MarketBeat.com's FREE daily email newsletter.