Ralph Lauren Corp has received an “A” credit rating from analysts at Morningstar. The research firm’s “A” rating suggests that the company is a low default risk. They also gave the stock a two-star rating, InterCooler said.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott downgraded shares of Ralph Lauren Corp from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $187.00 price target on the stock, up previously from $174.00. They noted that the move was a valuation call, the website said.
Analysts at Maxim Group downgraded shares of Ralph Lauren Corp from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $155.00 price target on the stock, down previously from $203.00, InterCooler said.
Finally, analysts at Buckingham Research downgraded shares of Ralph Lauren Corp from a “buy” rating to a “neutral” rating in a research note on January 5. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $178.06, the website said.
Ralph Lauren opened at 175.99 on Monday. It has a 1-year low of $141.93 and a 1-year high of $187.49, with a 50-day moving average of $181 and a 200-day moving average of $168. The company has a market cap of $15.435 billion and a price-to-earnings ratio of 21.48, InterCooler said.
Ralph Lauren last released its earnings data on October 29. The company reported $2.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.06 by $0.19. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis, the website said.
Another report said Ralph Lauren has lost 3.88% for the week and dropped 3.11% in the past 4 weeks. However, the shares are marginally negative as compared to the S&P 500 for the week with a loss of 3.25%. The stock has underperformed the index by 5.12% in the past 4 weeks. Investors should watch out for further signals and trade with caution, Winston View said.
Ralph Lauren is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings, InterCooler said.