Analysis: Polo Ralph Lauren Corporation (NYSE:RL) Target Raised Today
In an interesting research report issued by JP Morgan on Tuesday morning, the firm, Polo Ralph Lauren Corporation (NYSE:RL), had their target downgraded to $120.00. Analusts now have a solid “Neutral” rating on the stock.
From a total of 20 analysts covering Polo Ralph Lauren Corporation (NYSE:RL) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 11 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $160 while the lowest target price is $116. The mean of all analyst targets is $142.85 with a 17.30% above today’s ($118.67) stock price. Polo Ralph Lauren Corporation was the topic of 17 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 6 with “Buy” rating. Piper Jaffray maintained shares with “Neutral” rating and $121 target share price in a report from an August 3. Susquehanna initiated RL stock in a recent report from November 3 with “Positive” rating. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on an August 4.
The stock decreased 0.77% or $0.92 during the last trading session, striking $118.67. Approximately shares of stock traded hands. Ralph Lauren Corp (NYSE:RL) has declined 11.40% since May 6, 2015 and is downtrending. It has underperformed by 10.60% the S&P500.
The overall sentiment of institutions has increased to 0.94 in Q2 2015. Its up 0.01, from 0.93 in 2015Q2. The ratio is positive, as 48 institutions have sold all the shares of Ralph Lauren Corp that they owned while 133 funds have taken shares off the table. 42 funds have purchased shares for the first time while 129 added to their positions. These institutions now hold 51.04 million shares or 11.23% less than the 57.49 million shares they owned in 2015Q2.
The Fund Caerus Global Investors Llc currently is holding shares equating to 30.18% of its total portfolio in Ralph Lauren Corp representing a total of 9,172 shares. Another fund,Park Presidio Capital Llc, is holding a total of 289,600 shares equating to 8.06% of their holdings. Additionally, Hs Management Partners Llc has a 1.03 million share stake in Ralph Lauren Corp which represents 4.88% of their total portfolio. The Fund, Euclidean Technologies Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.12% of their total portfolio. Finally Argus Investors' Counsel Inc., a fund which is based in the state of Connecticut reported a total holdings of 38,150 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 9, 2015, shareholders of Ralph Lauren Corp have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $11.38 million . Lauren Ralph sold 50,000 shares worth approximately $5.57 million. Kosh Mitchell Alan sold 6,700 shares worth approximately $918,436. Lauren David R. sold 14,010 shares worth approximately $1.83 million. Aronson Arnold H sold 2,000 shares worth approximately $260,000. The company insider Murphy Steven P sold 2,007 shares worth $256,816.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The company has a market cap of $10.13 billion. The Firm operates in three divisions: Wholesale, Retail and Licensing. It has 18.49 P/E ratio. Wholesale business, representing approximately 46% of net revenues as of fiscal year ended March 28, 2015 , consists of sales made to department stores and specialty stores around the world.
According to Zacks Investment Research, “Ralph Lauren Corporation is engaged in designing, marketing, and distributing men’s, women’s and children’s apparel, accessories, fragrances, and home furnishings. Its operations include Wholesale, Retail and Licensing. It offers its products under the Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Women’s Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Rugby, Ralph Lauren Childrenswear, American Living, Chaps, and Club Monaco brand names. Ralph Lauren Corporation, formerly known as Polo Ralph Lauren Corporation, is based in New York, New York.” Get a free copy of the Zacks research report on Ralph Lauren Corp (RL).