Ralph Lauren Corporation (NYSE:RL)‘s stock had its “hold” rating reiterated by Cowen and Company in a research note issued to investors on Tuesday, July 18th. They presently have a $80.00 target price on the textile maker’s stock, up from their prior target price of $78.00. Cowen and Company’s price target indicates a potential downside of 4.51% from the company’s previous close.
Several other research firms have also commented on RL. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Vetr lowered shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating and set a $75.92 price objective on the stock. in a research report on Monday, April 3rd. Royal Bank Of Canada assumed coverage on shares of Ralph Lauren Corporation in a research report on Monday, April 10th. They issued a “sector perform” rating and a $84.00 price objective on the stock. BidaskClub upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $74.00 target price (down previously from $78.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.56.
Shares of Ralph Lauren Corporation (NYSE:RL) traded down 0.07% during midday trading on Tuesday, hitting $83.78. 1,573,352 shares of the stock were exchanged. The firm has a 50-day moving average price of $75.13 and a 200 day moving average price of $77.11. The firm’s market cap is $6.84 billion. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 EPS 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $1.06 EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts predict that Ralph Lauren Corporation will post $5.18 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its stake in Ralph Lauren Corporation by 25.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 11,342 shares of the textile maker’s stock worth $837,000 after buying an additional 2,305 shares during the period. OxFORD Asset Management LLP acquired a new stake in Ralph Lauren Corporation during the second quarter worth about $5,040,000. Ally Financial Inc. increased its stake in Ralph Lauren Corporation by 50.0% in the second quarter. Ally Financial Inc. now owns 48,000 shares of the textile maker’s stock worth $3,542,000 after buying an additional 16,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Ralph Lauren Corporation by 45.8% in the second quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock worth $45,630,000 after buying an additional 194,350 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Ralph Lauren Corporation by 2,704.9% in the second quarter. Renaissance Technologies LLC now owns 227,200 shares of the textile maker’s stock worth $16,767,000 after buying an additional 219,100 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.
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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