Ralph Lauren (NYSE: RL)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Friday.
The analysts wrote, “Ralph Lauren (RL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
A number of other analysts have also recently weighed in on RL. Analysts at Macquarie reiterated an “outperform” rating on shares of Ralph Lauren in a research note to investors on Tuesday. They now have a $210.00 price target on the stock. Separately, analysts at Cowen initiated coverage on shares of Ralph Lauren in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ralph Lauren in a research note to investors on Thursday, February 21st. They now have a $182.00 price target on the stock.
Nine research analysts have rated the stock with a buy rating, one has issued an overweight rating, and eight have issued a hold rating to the company. The company currently has an average rating of “overweight” and a consensus target price of $192.38.
Shares of Ralph Lauren traded down 0.06% during mid-day trading on Friday, hitting $173.37. Ralph Lauren has a one year low of $134.29 and a one year high of $182.48. The stock’s 50-day moving average is currently $170.. The company has a market cap of $15.727 billion and a P/E ratio of 22.81.
Ralph Lauren last issued its quarterly earnings data on Wednesday, February 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.12. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Ralph Lauren will post $8.04 earnings per share for the current fiscal year.
Ralph Lauren Corporation, formerly Polo Ralph Lauren Corporation, is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (including footwear), fragrances and home furnishings.
To view TheStreet’s full report, visit www.thestreetratings.com
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