Ralph Lauren Corporation (NYSE:RL) : Zacks Investment Research ranks Ralph Lauren Corporation (NYSE:RL) as 5, which is a Strong Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.57, which indicates as a Hold.
Ralph Lauren Corporation (NYSE:RL) : Average target price received by Ralph Lauren Corporation (NYSE:RL) is $100.58 with an expected standard deviation of $11.02. The most aggressive target on the stock is $115, whereas the most downbeat target is $85. 12 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Credit Suisse maintains the rating on Ralph Lauren Corporation (NYSE:RL). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $102 per share to $94 per share. The rating by the firm was issued on June 8, 2016.
Ralph Lauren Corporation (NYSE:RL): stock turned positive on Tuesday. Though the stock opened at $88.28, the bulls momentum made the stock top out at $89.12 level for the day. The stock recorded a low of $86.5 and closed the trading day at $87.89, in the green by 0.58%. The total traded volume for the day was 1,362,955. The stock had closed at $87.38 in the previous days trading.
In an insider trading activity, Lauren David R., director officer (EVP, Advert., Mktg., & Comm.) of Ralph Lauren Corp, unloaded 4,668 shares at an average price of $93.71 on June 16, 2016. The total amount of the transaction was worth $437,438, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.