Credit Suisse Has Negative Earnings Outlook Update for Ralph Lauren (RL)
Credit Suisse (NYSE: CS) lowered their EPS estimates on shares of Ralph Lauren (NYSE: RL) in a research note issued on Wednesday. The firm currently has an “outperform” rating and a $195.00 price target on the company’s shares.
A number of other firms have also recently commented on RL. Analysts at Credit Agricole initiated coverage on shares of Ralph Lauren in a research note to investors on Thursday, April 5th. They set an “outperform” rating on the stock. Separately, analysts at CLSA initiated coverage on shares of Ralph Lauren in a research note to investors on Thursday, April 5th. They set an “outperform” rating on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) cut their EPS estimates on shares of Ralph Lauren in a research note on Tuesday. They now have an “equal weight” rating on the stock.
Ralph Lauren traded down 1.92% on Wednesday, hitting $147.01. Ralph Lauren has a 1-year low of $105.11 and a 1-year high of $182.48. The company has a market cap of $13.598 billion and a price-to-earnings ratio of 21.02.
Ralph Lauren last released its earnings data on Tuesday, May 22nd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.14. Ralph Lauren’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Ralph Lauren will post $2.55 earnings per share next quarter.
Ralph Lauren Corporation, formerly Polo Ralph Lauren Corporation, is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (including footwear), fragrances and home furnishings.