Ralph Lauren Corporation (RL) Stock Rating Reaffirmed by Buckingham Research
Ralph Lauren Corporation (NYSE:RL)‘s stock had its “neutral” rating reissued by stock analysts at Buckingham Research in a research note issued on Monday, MarketBeat.com reports. They presently have a $68.00 target price on the textile maker’s stock. Buckingham Research’s target price suggests a potential downside of 5.74% from the stock’s previous close.
Several other analysts also recently weighed in on the company. Piper Jaffray Companies reiterated a “sell” rating and set a $66.00 target price on shares of Ralph Lauren Corporation in a research report on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating and issued a $75.00 price objective on shares of Ralph Lauren Corporation in a report on Friday, July 7th. BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Wells Fargo & Company restated an “outperform” rating and issued a $75.00 price objective on shares of Ralph Lauren Corporation in a report on Monday, June 12th. Finally, ValuEngine downgraded Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $88.44.
Ralph Lauren Corporation (NYSE:RL) traded up 0.57% during midday trading on Monday, reaching $72.55. 51,088 shares of the company were exchanged. The company has a 50-day moving average of $71.19 and a 200 day moving average of $78.21. The firm’s market capitalization is $5.88 billion. 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 Thursday, May 18th. The textile maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.78 by $0.11. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. Ralph Lauren Corporation’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities analysts predict that Ralph Lauren Corporation will post $4.77 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of RL. Gateway Investment Advisers LLC increased its stake in Ralph Lauren Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after buying an additional 12 shares during the period. Capstone Asset Management Co. increased its stake in Ralph Lauren Corporation by 1.7% in the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after buying an additional 60 shares during the period. Sunbelt Securities Inc. increased its stake in Ralph Lauren Corporation by 0.6% in the first quarter. Sunbelt Securities Inc. now owns 13,204 shares of the textile maker’s stock worth $1,078,000 after buying an additional 74 shares during the period. Mason Street Advisors LLC increased its stake in Ralph Lauren Corporation by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,784 shares of the textile maker’s stock worth $635,000 after buying an additional 80 shares during the period. Finally, Amalgamated Bank increased its stake in Ralph Lauren Corporation by 2.1% in the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock worth $327,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 57.96% 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.
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