Ralph Lauren Corporation (RL) : The consensus on Ralph Lauren Corporation (RL) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Ralph Lauren Corporation (RL) : The highest short term price target forecast on Ralph Lauren Corporation (RL) is $115 and the lowest target price is $85. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $99.27 with a standard deviation of $10.53.
Company shares have received an average consensus rating of Hold for the current week Ralph Lauren Corporation (NYSE:RL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $104.88 and $104.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.70, notching a gain of 5.39% for the day. The total traded volume was 3,011,287 . The stock had closed at $103.14 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Lauren David R., director officer (EVP, Advert., Mktg., & Comm.) of Ralph Lauren Corp, had unloaded 4,668 shares at an average price of $93.71 in a transaction dated on June 16, 2016. The total value of the transaction was worth $437,438.
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 in three segments: Wholesale, Retail and Licensing. Wholesale business, representing approximately 46% of net revenues as of fiscal year ended March 28, 2015 (Fiscal 2015), consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Companys retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear and fragrances.