A number of firms have modified their ratings and price targets on shares of Ralph Lauren Corporation (NYSE: RL) recently:

  • 7/17/2017 – Ralph Lauren Corporation had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $68.00 price target on the stock.
  • 7/14/2017 – Ralph Lauren Corporation had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $66.00 price target on the stock.
  • 7/7/2017 – Ralph Lauren Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $75.00 price target on the stock.
  • 6/28/2017 – Ralph Lauren Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/16/2017 – Ralph Lauren Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/12/2017 – Ralph Lauren Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $75.00 price target on the stock.
  • 6/2/2017 – Ralph Lauren Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/25/2017 – Ralph Lauren Corporation is now covered by analysts at Tigress Financial. They set a “neutral” rating on the stock.
  • 5/24/2017 – Ralph Lauren Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Despite having a robust earnings surprise history, Ralph Lauren’s shares have lagged the broader industry on a year-to-date basis. While the company marked its ninth straight earnings beat in fourth-quarter fiscal 2017, revenues fell year over year and missed our estimate. This was accountable to soft traffic trends, along with efforts to enhance sales quality and cut down excess inventory. Moreover, currency continued to play foul, which is also expected to hurt margins and sales in fiscal 2018. Thus, management issued a drab sales view. Also, the adoption of a new accounting standard is likely to raise the tax rate, thus being a concern for earnings. Nonetheless, we remain confident of the company’s solid brand portfolio, restructuring efforts and focus on profitable areas. Also, the company is on track to achieve its cost saving goals under its Way Forward plan, partly evident from the closure of underperforming stores in fiscal 2017.”
  • 5/19/2017 – Ralph Lauren Corporation had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $78.00 price target on the stock, down previously from $82.00.
  • 5/19/2017 – Ralph Lauren Corporation was given a new $66.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 5/19/2017 – Ralph Lauren Corporation had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $78.00 price target on the stock, down previously from $84.00.
  • 5/19/2017 – Ralph Lauren Corporation had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $75.00 price target on the stock, down previously from $84.00.
  • 5/19/2017 – Ralph Lauren Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $74.00 price target on the stock, down previously from $78.00.

Ralph Lauren Corporation (NYSE:RL) opened at 72.82 on Tuesday. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The firm’s market cap is $5.90 billion. The company’s 50 day moving average price is $70.81 and its 200 day moving average price is $80.36.

Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $0.88 EPS. Ralph Lauren Corporation’s revenue was down 16.4% on a year-over-year basis. Analysts predict that Ralph Lauren Corporation will post $4.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.50 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 2.75%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is currently -163.93%.

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 through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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