Ralph Lauren Corporation (RL) : 2 brokerage houses believe that Ralph Lauren Corporation (RL) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ralph Lauren Corporation (RL). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.69.
Ralph Lauren Corporation (RL) : 11 investment research analysts covering Ralph Lauren Corporation (RL) have an average price target of $101.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $115 and the lowest target is $89 for the short term. Analysts expect the variance to be within $9.67 of the average price.
Also, Equity Analysts at the Goldman Sachs maintains the rating on Ralph Lauren Corporation (NYSE:RL). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $113 per share to $120 per share. The rating by the firm was issued on August 11, 2016.
Ralph Lauren Corporation (NYSE:RL): After opening at $99.17, the stock dipped to an intraday low of $98.676 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $100.22 and the buying power remained strong till the end. The stock closed at $100.06 for the day, a gain of 0.29% for the day session. The total traded volume was 517,528. The stocks close on the previous trading day was $99.77.
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.