Ralph Lauren Corp (RL) is Initiated by CLSA to Buy, Price Target at $125

Ralph Lauren Corp (RL) was Initiated by CLSA to “Buy” and the brokerage firm has set the Price Target at $125. CLSA advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on Ralph Lauren Corp. Ralph Lauren Corp was Downgraded by Standpoint Research to ” Hold” on Aug 11, 2016. Company shares were Reiterated by Deutsche Bank on Aug 11, 2016 to “Hold”, Firm has raised the Price Target to $ 95 from a previous price target of $85 .Company shares were Reiterated by Telsey Advisory Group on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .

On the company’s financial health, Ralph Lauren Corp reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.89. The company had revenue of $1552.00 million for the quarter, compared to analysts expectations of $1526.58 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.

Ralph Lauren Corp opened for trading at $96.84 and hit $97.98 on the upside on Tuesday, eventually ending the session at $97.86, with a gain of 1.13% or 1.09 points. The heightened volatility saw the trading volume jump to 5,83,924 shares. Company has a market cap of $8,050 M.

In a different news, on Jun 17, 2016, David R. Lauren (EVP, Advert., Mktg., & Comm.) sold 4,668 shares at $93.71 per share price. According to the SEC, on Jun 14, 2016, Joel Lawrence Fleishman (director) sold 811 shares at $95.91 per share price. On Mar 7, 2016, Arnold H Aronson (director) sold 2,389 shares at $96.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Ralph Lauren Corp

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