Wells Fargo Stick to Their Buy Rating for Ralph Lauren Corp
Investing.com
Published Oct 15, 2021 08:26AM ET
Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Buy rating on Ralph Lauren Corp (NYSE:RL) on Friday, setting a price target of $140, which is approximately 18.72% above the present share price of $117.92.
Boruchow expects Ralph Lauren Corp to post earnings per share (EPS) of $2.23 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Ralph Lauren, with an average price target of $144.38.
The analysts price targets range from a high of $179 to a low of $110.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.38 billion and a net profit of $239.9 million. The company's market cap is $8.67 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 49.01% success rate.
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.
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Written By: Investing.com
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