Ralph Lauren Corporation (RL) Stock Rating Reaffirmed by Needham & Company LLC
Ralph Lauren Corporation (NYSE:RL)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a research note issued on Monday.
RL has been the topic of a number of other reports. Cowen and Company restated a “hold” rating and set a $89.00 price objective on shares of Ralph Lauren Corporation in a research report on Sunday, September 17th. Bank of America Corporation reaffirmed a “neutral” rating and set a $80.00 target price on shares of Ralph Lauren Corporation in a research note on Thursday, July 27th. Buckingham Research reaffirmed a “neutral” rating and set a $68.00 target price on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, October 10th. Finally, BidaskClub raised Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation presently has a consensus rating of “Hold” and a consensus price target of $87.37.
Ralph Lauren Corporation (NYSE:RL) opened at 86.01 on Monday. The company’s 50-day moving average price is $88.79 and its 200 day moving average price is $79.37. The company’s market capitalization is $6.99 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 issued its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $1.06 earnings per share. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities analysts expect that Ralph Lauren Corporation will post $5.34 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Ralph Lauren Corporation by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after purchasing an additional 96 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Ralph Lauren Corporation during the first quarter worth $110,000. Engine Capital Management LLC purchased a new stake in Ralph Lauren Corporation during the first quarter worth $163,000. Pacer Advisors Inc. lifted its holdings in Ralph Lauren Corporation by 12.0% during the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after buying an additional 238 shares during the period. Finally, Exane Derivatives purchased a new stake in Ralph Lauren Corporation during the second quarter worth $175,000. 62.84% of the stock is currently owned by 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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