Ralph Lauren Corporation (RL) Given a $95.00 Price Target by Cowen and Company Analysts
Ralph Lauren Corporation (NYSE:RL) has been assigned a $95.00 target price by equities researchers at Cowen and Company in a research note issued on Thursday. The firm currently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price objective would suggest a potential upside of 6.61% from the company’s current price.
Several other brokerages have also recently weighed in on RL. Macquarie raised shares of Ralph Lauren Corporation to a “buy” rating and raised their target price for the company from $96.00 to $100.00 in a report on Tuesday, September 5th. Tigress Financial reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a report on Thursday, September 28th. Miller Tabak cut shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Atlantic Securities raised shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and raised their target price for the company from $68.00 to $93.00 in a report on Wednesday, August 9th. Finally, Credit Suisse Group raised shares of Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 target price on the stock in a report on Friday, September 8th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ralph Lauren Corporation currently has a consensus rating of “Hold” and a consensus target price of $88.66.
Shares of Ralph Lauren Corporation (RL) opened at $89.11 on Thursday. The firm has a market cap of $7,190.00, a P/E ratio of 14.91, a P/E/G ratio of 1.04 and a beta of 0.63. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.
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 value of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 32.93% of the company’s stock.
A number of large investors have recently bought and sold shares of RL. Northwestern Mutual Wealth Management Co. grew its position in Ralph Lauren Corporation by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after buying an additional 96 shares during the last quarter. Pacer Advisors Inc. grew its position in Ralph Lauren Corporation by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after buying an additional 238 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Ralph Lauren Corporation in the 3rd quarter valued at $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Ralph Lauren Corporation in the 3rd quarter valued at $209,000. Finally, TLP Group LLC grew its position in Ralph Lauren Corporation by 5,614.8% in the 2nd quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock valued at $257,000 after buying an additional 3,425 shares during the last quarter. Hedge funds and other institutional investors 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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