Analyst Price Target Update on Ralph Lauren Corporation (NYSE:RL)

Ralph Lauren Corporation (NYSE:RL) shares are expected to touch $102.31 in the short term. This short term price target has been shared by 13 analysts. However, the standard deviation of short term price estimate has been valued at 14.1. The target price could hit $130 on the higher end and $81 on the lower end.

Many analysts have stated their opinion on the company shares. Credit Suisse maintains its rating on Ralph Lauren Corporation (NYSE:RL). The global brokerage major lowers the current price target from $102 per share to $94 per share. Analysts at the Credit Suisse have a current rating of Neutral on the shares. The rating by the firm was issued on June 8, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Ralph Lauren Corp, Aronson Arnold H had sold 2,389 shares worth of $231,136 in a transaction dated March 3, 2016. In this transaction, 2,389 shares were sold at $96.75 per share.

Ralph Lauren Corporation (NYSE:RL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.97 points or 2.06% at $93.83 with 1,434,171 shares getting traded. Post opening the session at $95.16, the shares hit an intraday low of $93.78 and an intraday high of $96 and the price was in this range throughout the day. The company has a market cap of $7,779 million and the number of outstanding shares have been calculated to be 82,902,042 shares. The 52-week high of Ralph Lauren Corporation (NYSE:RL) is $141.03 and the 52-week low is $82.15.

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.

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