Media coverage about Ralph Lauren (NYSE:RL) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ralph Lauren earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 45.8533569947876 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Ralph Lauren (RL) Coverage Initiated at Credit Suisse Group (americanbankingnews.com)
- Ralph Lauren Corp (RL) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Ralph Lauren Corp (RL) Expected to Announce Earnings of $0.85 Per Share (americanbankingnews.com)
- Ralph Lauren Corp (RL) Shares Bought by Axa (americanbankingnews.com)
- $1.49 Billion in Sales Expected for Ralph Lauren Corp (RL) This Quarter (americanbankingnews.com)
A number of analysts have issued reports on RL shares. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Ralph Lauren from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $113.00 target price on shares of Ralph Lauren in a research report on Friday, February 2nd. Bank of America raised their target price on Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, February 2nd. Finally, Cowen set a $95.00 target price on Ralph Lauren and gave the stock a “hold” rating in a research report on Thursday, November 16th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $98.88.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.16. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. analysts anticipate that Ralph Lauren will post 5.93 EPS for the current year.
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Ralph Lauren Company Profile
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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