Ralph Lauren Corporation (RL) – Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Ralph Lauren Corporation (RL) is a globally recognized leader in the design, marketing, and distribution of lifestyle products. Established in 1967 and headquartered in New York City, the company operates within the Consumer Cyclical sector, specifically the Apparel Manufacturing industry. Ralph Lauren offers an extensive range of products including apparel for men, women, and children, footwear, accessories, home goods, fragrances, and dining experiences at branded restaurants. Its iconic labels, such as Polo Ralph Lauren and Ralph Lauren Collection, are accessible through various retail outlets, specialty shops, and online platforms. The company has been publicly traded since February 2, 2007, and continues to showcase strong revenue figures and market positioning.
Financial Highlights and Stock Performance
Ralph Lauren has reported a total revenue of approximately $6.65 billion, showcasing a robust financial foundation. Analysts project a target high price of $250.00, reflecting a significant potential upside for investors. Current trading stands at $185.31, with a target mean price set at $189.83, indicating steady growth potential. The stock has also shown resilience in the face of market volatility, evidenced by fluctuations over the past year, with a fifty-two week high of $192.03 and a low of $108.60.
Of the 40,058,100 shares outstanding, approximately 7.91% (2,716,013 shares) are shorted, suggesting a moderate bearish sentiment among traders. Despite this, the current stock price being well above its fifty-day moving average of $170.43 speaks to sustained investor confidence and positions Ralph Lauren favorably within the market. The overall analyst consensus supports a “buy” recommendation, with a mean recommendation score of 2.3, indicating strong growth prospects moving forward.
Conclusion
With a strong revenue base and a significant target price potential, Ralph Lauren Corporation presents a compelling case for investors looking to capitalize on growth within the apparel manufacturing sector. The company’s solid market standing and favorable analyst outlook make it an attractive option for portfolio enhancement. As the market evolves, continued monitoring of performance indicators and investor sentiment will be crucial for assessing the stock’s trajectory in the months ahead.
| Metric | Value |
|---|---|
| Market Cap | $11.5b |
| Total Debt | $2.7b |
| Total Cash | $1.8b |
| Shares Outstanding | 40.1m |
| Float Shares | 39.2m |
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