In a report released today, Rick Patel from Needham assigned a Buy rating to Ralph Lauren (RL), with a price target of $90.00. The company’s shares closed last Monday at $69.72, close to its 52-week low of $59.82.
According to TipRanks.com, Patel is a 1-star analyst with an average return of -2.9% and a 33.3% success rate. Patel covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Lululemon Athletica.
Currently, the analyst consensus on Ralph Lauren is a Moderate Buy with an average price target of $82.75, a 16.1% upside from current levels. In a report issued on July 20, Wells Fargo also maintained a Buy rating on the stock with a $90.00 price target.
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Ralph Lauren’s market cap is currently $5.07B and has a P/E ratio of 14.10. The company has a Price to Book ratio of 3.17.
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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. 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.
