In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Ralph Lauren (RL – Research Report), with a price target of $195.00. The company’s shares closed yesterday at $166.09.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as aka Brands Holding Corp, Macy’s, and Victoria’s Secret. According to TipRanks, Telsey has an average return of 0.9% and a 41.04% success rate on recommended stocks.
Currently, the analyst consensus on Ralph Lauren is a Moderate Buy with an average price target of $201.83, a 21.52% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $250.00 price target.
RL market cap is currently $10.62B and has a P/E ratio of 18.85.
Based on the recent corporate insider activity of 69 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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