UBS Downgrades Ralph Lauren Corp to Neutral

Brokerage firm UBS Downgrades its rating on Ralph Lauren Corp(RL). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Feb 3, 2017.

In a different note, On Feb 2, 2017, Goldman Sachs said it Downgrades its rating on Ralph Lauren Corp. According to the research note, Goldman Sachs Lowers the price target to $85 per share from a prior target of $118. The shares have been rated ‘Neutral’ by the firm. On Feb 1, 2017, Evercore ISI Group said it Downgrades its rating on Ralph Lauren Corp. The shares have been rated ‘Hold’ by the firm.

Ralph Lauren Corp (RL) shares turned negative on Tuesdays trading session with the shares closing down -0.55 points or -0.72% at a volume of 20,82,280. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $77.14. The peak price level was also seen at $77.14 while the days lowest was $75.92. Finally the shares closed at $75.98. The 52-week high of the shares is $114 while the 52-week low is $75.62. According to the latest information available, the market cap of the company is $6,245 M.

Ralph Lauren Corp(RL) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q3.Company reported revenue of $1.714B. Analysts had an estimated revenue of $1.710B. Earnings per share were $1.86. Analysts had estimated an EPS of $1.65.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, David R. Lauren (EVP, Advert., Mktg., & Comm.) sold 4,668 shares at $93.71 per share price.Also, On Jun 14, 2016, Joel Lawrence Fleishman (director) sold 811 shares at $95.91 per share price.On Mar 7, 2016, Arnold H Aronson (director) sold 2,389 shares at $96.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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 in three segments: Wholesale Retail and Licensing. Wholesale business representing approximately 46% of net revenues as of fiscal year ended March 28 2015 (Fiscal 2015) consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel which includes Company’s retail stores concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products such as certain apparel eyewear and fragrances.

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