Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ralph Lauren Corporation (RL) Share Price
News stories about Ralph Lauren Corporation (NYSE:RL) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ralph Lauren Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the textile maker an impact score of 46.3449599123638 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have recently issued reports on RL. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $75.00 price target (down from $84.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Zacks Investment Research raised Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $66.00 price target on shares of Ralph Lauren Corporation in a research note on Friday, July 14th. Atlantic Securities raised Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $68.00 to $93.00 in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $74.00 price target (down from $78.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $88.56.
Shares of Ralph Lauren Corporation (RL) opened at 89.32 on Friday. The stock’s market cap is $7.26 billion. The firm’s 50-day moving average price is $80.70 and its 200 day moving average price is $77.45. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, beating the 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $1.06 earnings per share. The firm’s revenue was down 13.2% compared to the same quarter last year. Equities research analysts expect that Ralph Lauren Corporation will post $5.28 EPS for the current fiscal year.
About Ralph Lauren Corporation
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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