Wall Street analysts predict that Ralph Lauren Co. (NYSE:RL) will post $1.49 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ralph Lauren’s earnings, with estimates ranging from $1.49 billion to $1.50 billion. Ralph Lauren posted sales of $1.57 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 17th.
On average, analysts expect that Ralph Lauren will report full-year sales of $6.15 billion for the current year, with estimates ranging from $6.14 billion to $6.15 billion. For the next fiscal year, analysts expect that the business will report sales of $6.16 billion per share, with estimates ranging from $6.13 billion to $6.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Ralph Lauren.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.16. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Tuesday, February 13th. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $113.00 target price on shares of Ralph Lauren in a research report on Friday, February 2nd. Telsey Advisory Group upped their target price on shares of Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Finally, Nomura upped their target price on shares of Ralph Lauren from $92.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Ralph Lauren has a consensus rating of “Hold” and an average price target of $99.00.
A number of large investors have recently modified their holdings of RL. Zeke Capital Advisors LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $201,000. Cigna Investments Inc. New purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $214,000. Jump Trading LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $217,000. First Allied Advisory Services Inc. purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $223,000. Finally, Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $229,000. Institutional investors own 73.72% of the company’s stock.
Shares of RL stock traded up $1.00 on Friday, hitting $112.15. 484,069 shares of the stock traded hands, compared to its average volume of 931,463. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9,035.27, a price-to-earnings ratio of 19.64, a PEG ratio of 1.78 and a beta of 0.64. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $119.33.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.78%. Ralph Lauren’s dividend payout ratio (DPR) is presently 35.03%.
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Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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