Ralph Lauren Corporation (NYSE:RL) has been given a $97.00 price target by stock analysts at Cowen and Company in a research note issued on Wednesday, November 1st. The firm presently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price target suggests a potential upside of 8.31% from the company’s previous close.
A number of other brokerages have also recently issued reports on RL. Macquarie raised shares of Ralph Lauren Corporation to a “buy” rating and increased their price objective for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $75.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 7th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $66.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 14th. Tigress Financial reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a research note on Thursday, September 28th. Finally, Miller Tabak cut shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Ralph Lauren Corporation currently has an average rating of “Hold” and a consensus target price of $88.66.
Ralph Lauren Corporation (NYSE:RL) opened at $89.56 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The firm has a market cap of $7,242.42, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63.
Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. sell-side analysts predict that Ralph Lauren Corporation will post 5.56 EPS for the current fiscal year.
In other news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren Corporation stock in a transaction that occurred 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 owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.93% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC purchased a new stake in Ralph Lauren Corporation during the 3rd quarter worth approximately $845,000. California Public Employees Retirement System grew its position in Ralph Lauren Corporation by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 179,308 shares of the textile maker’s stock worth $15,831,000 after purchasing an additional 8,408 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Ralph Lauren Corporation by 72,160.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,226 shares of the textile maker’s stock worth $638,000 after purchasing an additional 7,216 shares during the last quarter. Point72 Asset Management L.P. grew its position in Ralph Lauren Corporation by 1,361.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 349,383 shares of the textile maker’s stock worth $30,847,000 after purchasing an additional 325,483 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Ralph Lauren Corporation by 231.4% during the 3rd quarter. Janus Henderson Group PLC now owns 380,027 shares of the textile maker’s stock worth $33,554,000 after purchasing an additional 265,363 shares during the last quarter. 67.33% of the stock is currently owned by institutional investors.
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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