Ralph Lauren (RL) Receives a Buy from Jefferies
In a report released today, Blake Anderson from Jefferies maintained a Buy rating on Ralph Lauren, with a price target of $435.00.
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According to TipRanks, Anderson is a 3-star analyst with an average return of 18.8% and a 100.00% success rate. Anderson covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Deckers Outdoor, and Kontoor Brands.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ralph Lauren with a $438.25 average price target.
Based on Ralph Lauren’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $1.98 billion and a net profit of $151.6 million. In comparison, last year the company earned a revenue of $1.7 billion and had a net profit of $129 million
Based on the recent corporate insider activity of 73 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.
Read More on RL:
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- Ralph Lauren Stock (RL) Pops as Retailer Increases Dividend 10%
- Ralph Lauren price target raised to $437 from $434 at Deutsche Bank
- Ralph Lauren price target raised to $511 from $480 at UBS
- Ralph Lauren price target raised to $415 from $400 at Wells Fargo
- Ralph Lauren price target raised to $439 from $430 at Barclays
