TD Cowen Sticks to Their Buy Rating for Ralph Lauren (RL)
TD Cowen analyst John Kernan maintained a Buy rating on Ralph Lauren (RL – Research Report) on June 13 and set a price target of $308.00. The company's shares closed last Friday at $260.21.
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According to TipRanks, Kernan is a 5-star analyst with an average return of 8.9% and a 51.62% success rate. Kernan covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Deckers Outdoor, and Dick's Sporting Goods.
Currently, the analyst consensus on Ralph Lauren is a Moderate Buy with an average price target of $310.33, representing a 19.26% upside. In a report released on May 30, Deutsche Bank also resumed coverage with a Buy rating on the stock with a $343.00 price target.
RL market cap is currently $15.7B and has a P/E ratio of 22.42.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RL in relation to earlier this year. Earlier this month, Ralph Lauren, the Exec. Chair, Chief Creative of RL sold 265,000.00 shares for a total of $71,483,750.00.
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