Polo Ralph Lauren Corp Share Price Target Increased to $175.00 by Analysts at Bank of America (RL)

Bank of America (NYSE: BAC) upped their price target on shares of Polo Ralph Lauren Corp (NYSE: RL) from $160.00 to $175.00 in a research note issued on Friday. They currently have a “neutral” rating on the company’s shares.

Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “conviction buy” rating on shares of Polo Ralph Lauren Corp in a research note to investors on Thursday. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Polo Ralph Lauren Corp in a research note to investors on Thursday.

Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, 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, furniture, fabric and wallpaper, paint, tabletop, 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 traded down 0.35% during mid-day trading on Friday, hitting $171.93. Polo Ralph Lauren Corp has a one year low of $105.11 and a one year high of $178.47. The stock’s 50-day moving average is $147.7 and its 200-day moving average is $143.0. The company has a market cap of $15.599 billion and a P/E ratio of 25.47.

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Posted by Web Inquirer Staff on 10 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.