Ralph Lauren Corporation (NYSE:RL) had its price objective lifted by investment analysts at Morgan Stanley from $83.50 to $91.00 in a report issued on Friday. The firm presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price objective points to a potential upside of 0.36% from the stock’s previous close.
A number of other brokerages have also weighed in on RL. Needham & Company LLC reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a research note on Tuesday, September 12th. Buckingham Research raised their price target on shares of Ralph Lauren Corporation from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Barclays PLC began coverage on shares of Ralph Lauren Corporation in a research note on Tuesday, September 19th. They issued an “underweight” rating and a $84.00 target price on the stock. Cowen and Company reissued a “hold” rating and issued a $89.00 target price on shares of Ralph Lauren Corporation in a research note on Sunday, September 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $88.00 target price on shares of Ralph Lauren Corporation in a research note on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.61.
Shares of Ralph Lauren Corporation (NYSE:RL) traded down $1.06 during trading on Friday, reaching $90.67. 1,586,249 shares of the company were exchanged, compared to its average volume of 1,621,738. The stock has a market cap of $7,368.03, a price-to-earnings ratio of 15.50, a PEG ratio of 1.12 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 debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.83.
Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. Ralph Lauren Corporation’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. equities analysts anticipate that Ralph Lauren Corporation will post 5.44 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 96 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 238 shares during the last quarter. Exane Derivatives acquired a new stake in Ralph Lauren Corporation in the 2nd quarter valued at approximately $175,000. PNC Financial Services Group Inc. increased its holdings in Ralph Lauren Corporation by 19.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 499 shares during the last quarter. Finally, TLP Group LLC increased its holdings 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 purchasing an additional 3,425 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
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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