Ralph Lauren Corporation (RL) has an average broker rating of 2.57, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Ralph Lauren Corporation (RL) : 12 Wall Street analysts covering Ralph Lauren Corporation (RL) believe that the average level the stock could reach for the short term is $100.58. The maximum price target given is $115 and the minimum target for short term is around $85, hence the standard deviation is calculated at $11.02.
Ralph Lauren Corporation (NYSE:RL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $87.80 and $87.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.16, notching a gain of 1.85% for the day. The total traded volume was 1,041,492 . The stock had closed at $88.52 on the previous day.
Also, In a research note released to the investors, Credit Suisse maintains its rating on Ralph Lauren Corporation (NYSE:RL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Credit Suisse lowers the new price target from $102 per share to $94 per share. The rating by the firm was issued on June 8, 2016. The company shares have dropped -31.67% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $137.38 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $93.01 and the 200 Day Moving Average price is recorded at $96.33.
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.