Needham Thinks Ralph Lauren’s Stock is Going to Recover


In a report released today, Rick Patel from Needham maintained a Buy rating on Ralph Lauren (RL), with a price target of $90.00. The company’s shares closed last Friday at $70.58, close to its 52-week low of $59.82.

According to TipRanks.com, Patel is a 1-star analyst with an average return of -3.9% and a 34.9% 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 16.8% 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.

See today’s analyst top recommended stocks >>

Ralph Lauren’s market cap is currently $5.16B and has a P/E ratio of 14.30. The company has a Price to Book ratio of 3.23.

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 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts