Ralph Lauren Corporation (RL) Earns Coverage Optimism Rating of 0.18
Media coverage about Ralph Lauren Corporation (NYSE:RL) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ralph Lauren Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.6203761525129 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern’s scoring:
- Ralph Lauren Corporation (NYSE:RL) Traded 8.9% Above Its 50 Day Average (highlightpress.com)
- Ralph Lauren Corporation (NYSE:RL) Closed 10.0% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Ralph Lauren Corporation (RL) 1.61% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Polo Ralph Lauren: Low Growth Ahead – Seeking Alpha (seekingalpha.com)
- Ralph Lauren Corporation (NYSE:RL) Closed Above Its 50 Day Average – Modern Readers (modernreaders.com)
Shares of Ralph Lauren Corporation (RL) traded up 1.45% during trading on Friday, reaching $87.20. 1,178,720 shares of the company were exchanged. The stock’s market capitalization is $7.09 billion. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company has a 50 day moving average price of $78.51 and a 200-day moving average price of $77.11.
Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Corporation will post $5.28 EPS for the current year.
Several research firms recently commented on RL. Cowen and Company restated a “hold” rating and set a $80.00 price target (up from $78.00) on shares of Ralph Lauren Corporation in a report on Tuesday, July 18th. Credit Suisse Group restated a “neutral” rating and set a $74.00 price target (down from $78.00) on shares of Ralph Lauren Corporation in a report on Friday, May 19th. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies restated a “sell” rating and set a $66.00 price target on shares of Ralph Lauren Corporation in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $88.56.
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About Ralph Lauren Corporation
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 operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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