Ralph Lauren Corp (RL) Receives a Buy from Telsey Advisory

By Ryan Adsit

In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Ralph Lauren Corp (RLResearch Report), with a price target of $155. The company’s shares opened today at $115.68.

According to TipRanks.com, Telsey is a 4-star analyst with an average return of 13.3% and a 56.9% success rate. Telsey covers the Services sector, focusing on stocks such as Burlington Stores, Children’s Place, and Ulta Beauty Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ralph Lauren Corp with a $138.67 average price target, a 19.9% upside from current levels. In a report issued on May 9, RBC Capital also upgraded the stock to Buy with a $145 price target.

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Ralph Lauren Corp’s market cap is currently $8.96B and has a P/E ratio of 22.05. The company has a Price to Book ratio of 2.71.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.

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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.