Wells Fargo analyst Ike Boruchow maintained a Hold rating on Ralph Lauren (RL – Research Report) yesterday and set a price target of $140.00. The company’s shares closed yesterday at $147.92.
According to TipRanks, Boruchow is an analyst with an average return of -3.3% and a 44.02% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Gap, Nike, and PVH.
In addition to Wells Fargo, Ralph Lauren also received a Hold from Goldman Sachs’s Brooke Roach in a report issued on December 12. However, on December 11, J.P. Morgan maintained a Buy rating on Ralph Lauren (NYSE: RL).
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Based on Ralph Lauren’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.63 billion and a net profit of $146.9 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $150.5 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RL in relation to earlier this year.
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Ralph Lauren (RL) Company Description:
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S. and Canada, excluding Club Monaco. The Europe segment caters to sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in Europe and the Middle East, excluding Club Monaco. The Asia segment covers the sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in Asia, Australia, and New Zealand. The company was founded by Ralph Lauren in 1967 and is headquartered in New York, NY.
Read More on RL:
- Top consumer names to own in 2024, according to Telsey Advisory
- Ralph Lauren just upgraded at Goldman Sachs, here’s why
- Ralph Lauren CEO Louvet sells $12M in company shares
- Ralph Lauren price target raised to $147 from $142 at TD Cowen
- Ralph Lauren price target raised to $131 from $128 at Deutsche Bank
