Recent Research Analysts’ Ratings Updates for Ralph Lauren (RL)

Several analysts have recently updated their ratings and price targets for Ralph Lauren (NYSE: RL):

  • 2/2/2018 – Ralph Lauren had its price target raised by analysts at Bank of America Corp from $80.00 to $95.00. They now have an “underperform” rating on the stock.
  • 2/2/2018 – Ralph Lauren had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $113.00 price target on the stock.
  • 2/2/2018 – Ralph Lauren had its price target raised by analysts at Nomura from $92.00 to $111.00. They now have a “neutral” rating on the stock.
  • 2/2/2018 – Ralph Lauren had its price target raised by analysts at Telsey Advisory Group from $109.00 to $115.00. They now have a “market perform” rating on the stock.
  • 2/2/2018 – Ralph Lauren was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – Ralph Lauren was given a new $109.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 1/22/2018 – Ralph Lauren was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ralph Lauren outperformed the industry in the past three months. Second-quarter fiscal 2018 marked the company’s 11th consecutive earnings beat and sales topped estimates after two consecutive misses. However, the company’s North America business continues to suffer due to distribution and brand exits; planned reduction in shipments and promotions to enhance the quality of sales; and lower customer demand. Revenues at the North America segment slumped 16% in the second quarter owing to lower retail and wholesale sales. Additionally, high dependence on outside suppliers poses threats. Nonetheless, the company adjusted its fiscal 2018 guidance to account for the recent positive movements in foreign currency rates, which will aid revenue and operating margins in fiscal 2018. The company remains on track to deliver its goals under its Way Forward Plan, which bodes well. Estimates have been going up ahead of the third-quarter earnings.”
  • 1/8/2018 – Ralph Lauren was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ralph Lauren underperformed the industry in the past month. The company’s North America business continues to suffer due to distribution and brand exits; planned reduction in shipments and promotions to enhance the quality of sales; and lower customer demand. Second-quarter fiscal 2018 marked the company’s 11th consecutive earnings beat and sales topped estimates after two consecutive misses. However, revenues at the North America segment slumped 16% in the second quarter owing to lower retail and wholesale sales. Estimates have been going down ahead of the third-quarter earnings. Additionally, high dependence on outside suppliers poses threats. Nonetheless, the company adjusted its fiscal 2018 guidance to account for the recent positive movements in foreign currency rates, which will aid revenue and operating margins in fiscal 2018. The company remains on track to deliver its goals under its Way Forward Plan, which bodes well.”
  • 12/15/2017 – Ralph Lauren was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ralph Lauren outperformed the industry in the past six months, backed by solid bottom line performance in recent quarters. Notably, second-quarter fiscal 2018 marked the company’s 11th consecutive earnings beat. Moreover, sales topped estimates after two consecutive misses and gross margin continued to expand. Apart from the company’s efforts to improve quality of sales by reducing promotions and markdowns, favorable foreign currency rates aided results. Further, the company adjusted its fiscal 2018 guidance to account for the recent positive movements in foreign currency rates, which will aid revenue and operating margins in fiscal 2018. The company remains on track to deliver its goals under its Way Forward Plan, which bodes well. However, its North America business continues to suffer due to distribution and brand exits; planned reduction in shipments and promotions to enhance the quality of sales; and lower customer demand.”

Shares of Ralph Lauren Corp (NYSE RL) opened at $103.49 on Monday. Ralph Lauren Corp has a 12 month low of $66.06 and a 12 month high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8,411.15, a price-to-earnings ratio of -102.47, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $1.86 EPS. Ralph Lauren’s revenue for the quarter was down 4.3% compared to the same quarter last year. equities analysts expect that Ralph Lauren Corp will post 5.93 earnings per share for the current fiscal year.

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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