Out of 7 analysts covering Polo Ralph Lauren Corporation (NYSE:RL), 3 rate it “Buy”, 0 “Sell”, while 4 “Hold”. The higher and the lower price estimates are $ 137 and $116 respectively.
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Ralph Lauren Corporation (NYSE:RL) had a weak trading session and its shares were last down at $113.72, down -0.45% or -0.39 points. They set an “outperform” rating and a $142.00 price target for the company.
Despite Ralph Lauren’s (RL) earnings-driven surge today, Citigroup’s Kate McShane and Corinna Van der Ghinst recommend that investors keep on buying. Ralph Lauren Corp’s revenue for the quarter was down 5.3% compared to the same quarter previous year. Technical indicators show a 50 day moving average of 114.26. A total of 423,088 shares of the company’s stock traded hands. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. On average, equities analysts predict that Ralph Lauren Corp will post $6.90 earnings per share for the current year. While mgmt’s reiterated FY16 outlook acknowledged near-term challenges in the retail environment (incl. the late start to fall selling & sluggish tourist traffic from a stronger USD), Ralph Lauren is managing well through the headwinds, & Q2 highlighted strength in int’l markets (+DD ex-f/x), sequentially improving e-comm on new omni-channel capabilities, & positive early reads on newer initiatives such as Polo Sport.
Ralph Lauren Corp (NYSE:RL) last announced its earnings results on Wednesday, August 5th. If the $160.93 price target is reached, the company will be worth $2.14 billion more. The firm has a market capitalization of $9.78 billion and a P/E ratio of 16.73. The company expects consolidated net revenues for the year to be approximately flat on a reported basis and increase by 3 to 5 percent in constant currency. Ralph Lauren Corp presently has an average rating of “Hold” and an average target price of $136.97. Barclays cut shares of Ralph Lauren Corp from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $150.00 to $130.00 in a research note on Thursday, October 29th. Nomura decreased their price target on shares of Ralph Lauren Corp from $145.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stockholders of record on Friday, September 25th were issued a $0.50 dividend. The ex-dividend date was Wednesday, September 23rd.
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Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (including footwear), fragrances and home furnishings. Its operations include Wholesale, Retail and Licensing. Wholesale business, representing about 46% of net earnings as of fiscal year ended March 28, 2015 (NYSE:RL), consists of sales made to department stores and specialty stores around the world. Licensing business contains royalty-based arrangements, under which the Firm license to unrelated third parties for stated periods the privilege to run retail stores or to use its various trademarks in relation to the manufacture and sale of designated products, including particular apparel, eyewear and perfumes.
