Brokerage Firm Rating Update on Ralph Lauren Corporation (RL)

Ralph Lauren Corporation (RL) has an average broker rating of 2.69, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 2 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 2, which is also a Buy.

Ralph Lauren Corporation (RL) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $115 and the lowest price target forecast is $89. The average forecast of all the analysts is $101.82 and the expected standard deviation is $9.67.


Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs maintains its view on Ralph Lauren Corporation (NYSE:RL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs raises the price target from $113 per share to $120 per share on Ralph Lauren Corporation. The rating by the firm was issued on August 11, 2016.

Ralph Lauren Corporation (NYSE:RL): The stock opened at $102.86 and touched an intraday high of $104.8882 on Wednesday. During the day, the stock corrected to an intraday low of $102.07, however, the bulls stepped in and pushed the price higher to close in the green at $104.84 with a gain of 2.22% for the day. The total traded volume for the day was 839,401. The stock had closed at $102.56 in the previous trading session.

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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