Ralph Lauren Corporation (NYSE:RL) has been given a $95.00 price objective by research analysts at Cowen and Company in a research report issued on Thursday. The firm currently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price target would suggest a potential upside of 7.45% from the company’s current price.
RL has been the subject of a number of other reports. Macquarie upgraded shares of Ralph Lauren Corporation to a “buy” rating and increased their target price for the stock from $96.00 to $100.00 in a report on Tuesday, September 5th. Tigress Financial reissued a “hold” rating on shares of Ralph Lauren Corporation in a research report on Thursday, September 28th. Miller Tabak downgraded shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Atlantic Securities raised shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $68.00 to $93.00 in a research report on Wednesday, August 9th. Finally, UBS AG reaffirmed 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. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.66.
Ralph Lauren Corporation (RL) opened at $88.41 on Thursday. The company has a market capitalization of $7,079.55, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. 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 earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The firm’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 earnings per share. equities analysts forecast that Ralph Lauren Corporation will post 5.61 EPS for the current year.
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In related news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 32.93% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in Ralph Lauren Corporation by 49.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after purchasing an additional 2,186,269 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Ralph Lauren Corporation by 26.7% in the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after buying an additional 1,225,845 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Ralph Lauren Corporation by 35.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after buying an additional 408,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ralph Lauren Corporation by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock worth $127,633,000 after buying an additional 12,554 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Ralph Lauren Corporation by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after buying an additional 139,110 shares during the last quarter. Institutional investors and hedge funds own 66.46% 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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