In a report released today, Robert Drbul from Guggenheim maintained a Hold rating on Ralph Lauren Corp (RL). The company’s shares opened today at $130.25.
Drbul said:
“We remain encouraged by progress being made to improve the health of the brand/business and the strong first half of FY19, but continue to believe RL has work ahead to improve its digital strategy, update brand perception, and rationalize distribution, including quality of sales initiatives globally and further off-price pullback ahead in North America. We believe today’s share price reflects much of the progress made to-date and remain NEUTRAL. In 2Q, revenue rose 1.6% to $1.69bn (vs. our -0.4% estimate), with solid improvement in comp trends QoQ in NA and Europe and strength in Asia, led by China. Total RL comps were flat in CC, improving from a 3% decline in 1Q. NA (+1% rev growth vs. our -3%) comps rose 1% in CC, with improvement in digital (+9% comp, from -2% in 1Q), reflecting traffic gains, and stores comp’d -1% (from -3% in 1Q), with a 3% AUR increase offsetting traffic declines.”
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 16.0% and a 75.2% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.
Ralph Lauren Corp has an analyst consensus of Moderate Buy, with a price target consensus of $151.67.
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Ralph Lauren Corp’s market cap is currently $11.09B and has a P/E ratio of 53.44. The company has a Price to Book ratio of 3.24.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RL in relation to earlier this year.
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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.
