Ralph Lauren Corp. (RL) Receives $111.54 Consensus Target Price from Analysts
Shares of Ralph Lauren Corp. (NYSE:RL) have received an average recommendation of “Hold” from the twenty-five ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $111.54.
Several equities analysts recently issued reports on RL shares. Vetr raised shares of Ralph Lauren Corp. from a “hold” rating to a “buy” rating and set a $96.72 price objective on the stock in a report on Wednesday, August 3rd. Macquarie lifted their price objective on shares of Ralph Lauren Corp. from $119.00 to $121.00 and gave the company an “outperform” rating in a report on Tuesday, September 27th. Brean Capital reissued a “hold” rating on shares of Ralph Lauren Corp. in a report on Thursday, August 11th. Credit Agricole SA began coverage on shares of Ralph Lauren Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Telsey Advisory Group lifted their price target on shares of Ralph Lauren Corp. from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Southeastern Asset Management Inc. TN bought a new position in Ralph Lauren Corp. during the second quarter valued at $245,238,000. Capital Research Global Investors increased its position in Ralph Lauren Corp. by 18.6% in the second quarter. Capital Research Global Investors now owns 2,550,003 shares of the company’s stock valued at $228,531,000 after buying an additional 400,003 shares during the period. The Manufacturers Life Insurance Company bought a new position in Ralph Lauren Corp. during the third quarter valued at $227,962,000. BlackRock Institutional Trust Company N.A. increased its position in Ralph Lauren Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,653,165 shares of the company’s stock valued at $167,201,000 after buying an additional 5,533 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Ralph Lauren Corp. during the second quarter valued at $106,337,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.
Shares of Ralph Lauren Corp. (NYSE:RL) opened at 110.28 on Wednesday. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 47.37 and a beta of 0.95. Ralph Lauren Corp. has a 1-year low of $82.15 and a 1-year high of $127.01. The stock has a 50 day moving average price of $101.29 and a 200 day moving average price of $98.19.
Ralph Lauren Corp. (NYSE:RL) last issued its quarterly earnings data on Thursday, November 10th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.19. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Ralph Lauren Corp. had a net margin of 2.71% and a return on equity of 14.00%. Ralph Lauren Corp.’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Equities research analysts anticipate that Ralph Lauren Corp. will post $5.49 EPS for the current year.
About Ralph Lauren Corp.
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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