A number of equity research firms have modified their stock ratings and price targets on shares of Polo Ralph Lauren Corp (NYSE: RL) in the last week:
UBS AG analysts raised their price target on shares of Polo Ralph Lauren Corp to $140.00. They now have a “buy” rating on the stock. They said that the company is benefiting from increasing demand.They were attractive clothes that would play just about anywhere, but there was no subtlety in embroideries on cocoon wrap coats that showed Chinese dragons, nor on a soundtrack that included a cover of “China Girl.”
Bank of America Merrill Lynch analysts upgraded shares of Polo Ralph Lauren Corp from an “underperform” rating to a “neutral” rating.
Barclays Capital analysts raised their price target on shares of Polo Ralph Lauren Corp from $100.00 to $125.00. They now have an “equal weight” rating on the stock.Polo Ralph Lauren sees momentum continuing.
About Polo Ralph Lauren Corp:
Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products polo ralph lauren, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings. The Company operates in three segments: Wholesale, Retail and Licensing. Apparel products include collections of men’s, women’s and children’s clothing. Accessories include a range of footwear, eyewear, watches, jewelry, hats, belts and leather goods, including handbags and luggage. Home products include bedding and bath products Ralph Lauren sale, furniture, fabric and wallpaper, paint, tabletop Ralph Lauren Polo USA, and giftware. Fragrance products are sold under its Romance, Polo, Lauren, Safari, Ralph and Black Label brands, among others. On December 31, 2009, in connection with the transition of the Polo-branded apparel business in Asia-Pacific (excluding Japan) from a licensed to a wholly owned operation, the Company acquired certain net assets from Dickson Concepts International Limited and affiliates (Dickson).
Shares of Polo Ralph Lauren Corp opened at 127.98 on Friday. Polo Ralph Lauren Corp has a 52 week low of $71.12 and a 52 week high of $128.56. The stock’s 50-day moving average is $112.1 and its 200-day moving average is $99.52. On average, analysts predict that Polo Ralph Lauren Corp will post $1.29 EPS next quarter. The company has a market cap of $12.310 billion and a price-to-earnings ratio of 20.38.
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