Weekly Analysts’ Ratings Changes for Ralph Lauren Corporation (RL)

Several brokerages have updated their recommendations and price targets on shares of Ralph Lauren Corporation (NYSE: RL) in the last few weeks:

  • 11/1/2017 – Ralph Lauren Corporation was given a new $97.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/24/2017 – Ralph Lauren Corporation was given a new $89.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/19/2017 – Ralph Lauren Corporation was given a new $81.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 10/16/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/10/2017 – Ralph Lauren Corporation was downgraded by analysts at Miller Tabak from a “hold” rating to a “sell” rating.
  • 10/10/2017 – Ralph Lauren Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $97.00 price target on the stock. According to Zacks, “Ralph Lauren outperformed the industry in the past three months, backed by solid bottom line performance in recent quarters. Notably, first-quarter fiscal 2018 marked the company’s 10th consecutive earnings beat. Further, management remains impressed with first-quarter performance, as the company enhanced quality of sales by reducing promotions and markdowns, alongside reducing SKU count to drive productivity. Also, it managed to curtail inventory levels and also achieved cost savings by lowering operating costs. These factors, which also drove margins, clearly reflect Ralph Lauren’s focus on its Way Forward Plan and Restructuring activities. However, sales continue to be hurt by weak demand, brand exits and efforts to drive sales quality. The company continues to face currency woes which are likely to hurt second-quarter results. Nonetheless, efforts to evolve product and marketing bode well. Estimates have been trending up lately.”
  • 10/5/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $88.00 price target on the stock.
  • 9/28/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Tigress Financial.
  • 9/19/2017 – Ralph Lauren Corporation is now covered by analysts at Barclays PLC. They set an “underweight” rating and a $84.00 price target on the stock.
  • 9/17/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $89.00 price target on the stock.
  • 9/13/2017 – Ralph Lauren Corporation had its price target raised by analysts at Buckingham Research from $82.00 to $90.00. They now have a “neutral” rating on the stock.
  • 9/12/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 9/8/2017 – Ralph Lauren Corporation was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating. They now have a $111.00 price target on the stock.
  • 9/5/2017 – Ralph Lauren Corporation was upgraded by analysts at Macquarie to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $96.00.

Shares of Ralph Lauren Corporation (NYSE RL) traded up 0.66% on Wednesday, hitting $90.02. The stock had a trading volume of 311,734 shares. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00. The firm has a 50-day moving average price of $88.85 and a 200-day moving average price of $80.14. The stock’s market capitalization is $7.32 billion.

Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.15. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. Equities analysts expect that Ralph Lauren Corporation will post $5.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, September 28th. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -869.57%.

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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