Ralph Lauren Corporation (NYSE:RL) had its price objective boosted by equities research analysts at Buckingham Research from $82.00 to $90.00 in a research report issued on Wednesday. The firm currently has a “neutral” rating on the textile maker’s stock. Buckingham Research’s price objective suggests a potential downside of 1.53% from the company’s current price.
A number of other brokerages have also issued reports on RL. Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren Corporation in a research report on Tuesday. Macquarie raised Ralph Lauren Corporation to a “buy” rating and lifted their target price for the company from $96.00 to $100.00 in a research report on Tuesday, September 5th. Credit Suisse Group raised Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 target price on the stock in a research report on Friday, September 8th. UBS AG reissued a “positive” rating and issued a $90.00 target price (up previously from $73.00) on shares of Ralph Lauren Corporation in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $88.00 target price on Ralph Lauren Corporation and gave the company a “hold” rating in a research report on Wednesday, August 9th. Three research 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 presently has a consensus rating of “Hold” and an average target price of $90.93.
Ralph Lauren Corporation (NYSE:RL) traded down 1.23% during trading on Wednesday, reaching $90.28. The company had a trading volume of 691,491 shares. The company’s market capitalization is $7.34 billion. The company has a 50 day moving average price of $83.92 and a 200 day moving average price of $77.95. 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 announced its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $1.06 EPS. Ralph Lauren Corporation’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities analysts forecast that Ralph Lauren Corporation will post $5.29 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of RL. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ralph Lauren Corporation by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Ralph Lauren Corporation during the 1st quarter worth approximately $110,000. Daiwa Securities Group Inc. increased its holdings in shares of Ralph Lauren Corporation by 21.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after acquiring an additional 300 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ralph Lauren Corporation by 97.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after acquiring an additional 979 shares during the last quarter. Finally, Engine Capital Management LLC acquired a new position in shares of Ralph Lauren Corporation during the 1st quarter worth approximately $163,000. 62.89% 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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