Ralph Lauren Corporation Common (NYSE:RL).
On June 8 Citigroup held the company rating at “Neutral” and lowered the price expectation to $94.00 from $101.00. June 8 investment analysts at Credit Suisse maintained a stock rating of “Neutral” but lowered the price expectation from $102.00 to $94.00.
On June 8 the company was upgraded from “Underperform” to “Neutral” with a current price target of $94.00 in a report from Bank of America. BB&T Capital initiated coverage on the stock with an initial rating of “Buy” and establishing a price target of $115.00.
May 13 investment analysts at Citigroup kept the stock rating at “Buy” but lowered the price target to $101.00 from $125.00.
In the market the company is trading up from yesterday’s close of $96.77. Additionally the company recently declared a dividend that was paid on Friday the 15th of July 2016. The dividend payment was $0.500 per share for the quarter which comes to $2.00 on an annualized basis. The dividend yield was $2.00. The ex-dividend date was set for Wednesday the 29th of June 2016.
Shares of the company are trading at $96.88 which is slightly below the 50 day moving average which is $103.45 and which is slightly above the 200 day moving average of $96.63. The 50 day moving average was down $-6.45 and the 200 day average moved up $0.37.
The company’s P/E ratio is 26.509 and the market cap is 7.98B. In the latest earnings report the EPS was $3.66 and is expected to be $5.43 for the current year with 82,258,000 shares outstanding. Next quarter’s EPS is estimated at $1.86 and the next full year EPS is projected to be $5.89.