Ralph Lauren Corp Coverage Initiated at Susquehanna (RL)

Ralph Lauren Corporation (NYSE:RL): On Tuesday heightened volatility was witnessed in Ralph Lauren Corporation (NYSE:RL) which led to swings in the share price.

Among the analysts, the highest EPS was $2.01 and the lowest was $1.88. Stephens raised Ralph Lauren Corp from an “equal weight” rating to an “overweight” rating and set a $155.00 price target for the company in a report on Monday, July 13th.

The New York-based fashion company, whose brands include Polo, American Living, Chaps and Club Monaco, reported second-quarter net income of $160 million or $1.86 per share, down from $201 million or $2.25 per share in the prior-year quarter.

Ralph Lauren Corp (NYSE:RL) issued its quarterly earnings data on Thursday. The company has a market capitalization of $9.58 billion and a PE ratio of 16.39. Of the 22 analysts listed on Bloomberg that provide coverage to the stock, 11 analysts each rate the stock as Buy and Hold. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

“They’re doing this reorganization, and I think that’s a big positive”, said Paul Swinand, an analyst at Morningstar Inc “There are two tangible things you can do in apparel to cut costs: have fewer people and carry fewer items”. Finally, Piper Jaffray reissued a neutral rating and set a $116.00 price target (down from $122.00) on shares of Ralph Lauren Corp in a research note on Wednesday, September 30th. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. The one year projections range from a high of $137 to the low of $116. The 52-week high of the share price is $187.49 and the company has a market cap of $9,487 million. This quarter’s earnings did surpass the revenue estimate of $1.95 billion that was set by Wall Street. Analysts expect that Ralph Lauren Corp will post $6.90 EPS for the current fiscal year. Lauren Ralph sold 50,000 shares worth $5.57 million. The ex-dividend date was Wednesday, September 23rd.

Ralph Lauren Corporation is engaged in distribution, promotion and the design of lifestyle products, including home furnishings, accessories, apparel and also other merchandise classifications that were licensed. Overall, wholesale segment sales declined 1.7% to $927 million. Recent trading put Ralph Lauren Corporation stock at a -0.10 change from the 50 day moving average, which is -0.08%. Wholesale business, representing approximately 46% of net earnings as of fiscal year ended March 28, 2015 (NYSE:RL), consists of sales made to department stores and specialty stores all over the world. Retail business consists of sales made to consumers through retail channel, including Firm’s retail stores, concession-based shop-within-shops and e-commerce operations all over the world. Licensing business contains royalty-established arrangements, under which the Company permit to unrelated third parties for stated intervals the privilege to operate retail stores or to use its various logos in connection with the manufacture and sale of designated products, including particular clothing, eyewear and scents.