Economy

Ralph Lauren Corporation (RL) - Buckingham Maintains Rating And Updates Price Target

Ralph Lauren Corporation (RL) - Buckingham Maintains Rating And Updates Price Target”

About 149,980 shares traded.

Ralph Lauren Corporation (NYSE:RL) last announced its earnings results on Tuesday, August 8th. It has underperformed by 38.99% the S&P500.The move comes after 5 months negative chart setup for the $7.24B company. "Supplier" on September 17, 2017, also Seekingalpha.com with their article: "Apple - Buy Now Despite The iPhone X Shipment Timing?" published on September 20, 2017, Seekingalpha.com published: "Has Apple Flubbed Its September Rollout?" on September 23, 2017. We have $82.89 PT which if reached, will make NYSE:RL worth $506.80 million less. ValuEngine lowered Ralph Lauren Corporation from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. The correct version of this report can be accessed at https://baseballnewssource.com/markets/ralph-lauren-corporation-rl-receives-new-coverage-from-analysts-at-barclays-plc/1660825.html. Raymond James & Associate reported 3,648 shares. The firm has "Market Perform" rating given on Thursday, May 11 by FBR Capital.

06/12/2017 - Ralph Lauren Corporation had its "outperform" rating reiterated by analysts at Wells Fargo. The rating was initiated by Brean Capital with "Hold" on Monday, July 17. Bernstein downgraded it to "Market Perform" rating and $87 target in Wednesday, August 5 report. As per Thursday, March 17, the company rating was maintained by Deutsche Bank. On September 8 the company was upgraded from "Neutral" to "Outperform" in an announcement from Credit Suisse. Therefore 29% are positive. Ralph Lauren Corporation shares had a trading volume of 1,071K by the end of trading on Wednesday. The firm earned "Buy" rating on Thursday, September 29 by CLSA. First Trust Advisors LP boosted its position in Ralph Lauren Corporation by 11.1% during the first quarter. UBS has "Buy" rating and $133 target. UBS has "Buy" rating and $155.0 target. The stock of Ralph Lauren Corp (NYSE:RL) has "Neutral" rating given on Friday, September 30 by Guggenheim. The rating was maintained by Susquehanna on Thursday, September 3 with "Positive". Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average target price of $91.05. The firm earned "Hold" rating on Tuesday, August 8 by RBC Capital Markets. M&T Commercial Bank holds 0% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 3,165 shares.

A number of equities research analysts have recently issued reports on RL shares. The textile maker reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.15. RL's profit will be $152.71M for 11.85 P/E if the $1.88 EPS becomes a reality. During the same quarter in the previous year, the business earned $1.06 EPS.

Investors sentiment decreased to 1.04 in Q2 2017. Its down 0.05, from 1.09 in 2016Q3. 53 funds opened positions while 126 raised stakes. Northstar Asset Management Limited Liability Corporation has invested 4.62% in Apple Inc. Texas Permanent School Fund has 16,870 shares. Great Lakes Ltd Liability Co has 32,114 shares for 0.08% of their portfolio. The value of the company's investment in Ralph Lauren Corporation decreased from $13,985,000 to $12,853,000 a change of 8.1% quarter over quarter. Amica Retiree Medical holds 0.01% in Ralph Lauren Corp (NYSE:RL) or 131 shares. At present, 4 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Los Angeles Mngmt Equity Inc has invested 0.23% in Ralph Lauren Corp (NYSE:RL). Arizona State Retirement Sys has 0.02% invested in Ralph Lauren Corp (NYSE:RL) for 18,074 shares. Mondrian Investment Prtn stated it has 0.1% of its portfolio in Ralph Lauren Corp (NYSE:RL). (NASDAQ:AAPL). Asset Management Advsrs has invested 4.94% of its portfolio in Apple Inc. Gulf Bancorporation (Uk) Ltd reported 0.02% stake. The Georgia-based Gmt Corp has invested 0.34% in Ralph Lauren Corp (NYSE:RL). The stock's market cap is $7.19 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Since April 1, 2017, it had 0 insider purchases, and 14 selling transactions for $66.31 million activity.

Large investors have recently modified their holdings of the company. 25 funds opened positions while 63 raised stakes. With an institutional ownership near 96.9%, it carries an earnings per share ratio of 2.1. Segall Bryant & Hamill Lc holds 466,330 shares. Salzhauer Michael reported 0.11% in Apple Inc. Selway Asset Mgmt accumulated 34,818 shares or 0.17% of the stock. Public Sector Pension Invest Board holds 0% or 6,150 shares. Bartlett Limited Liability stated it has 100 shares. (NASDAQ:AAPL). Cincinnati Ins Communication holds 0.69% or 154,000 shares. Rhumbline Advisers holds 0.02% or 94,044 shares in its portfolio.

About 326,287 shares traded.

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