“We are encouraged by the progress being made to improve the health of the brand/ business, but continue to believe RL has work ahead to improve its digital strategy, update brand perception, and further rationalize distribution in NA. We look forward to an update on RL’s L-T plan at its Investor Day on 6/7. While we were impressed with the results, we believe today’s share price move accurately reflects much of the progress and the risk reward ratio has narrowed. Given our tepid top-line outlook, we remain NEUTRAL. In 4Q, revenue declined 2.3% to $1.53bn (vs. our -6.0% est), including a -1% total comp sales decline (CC; +4% reported). While revenue in NA came in slightly below our expectations, growth in Europe and Asia was well above our estimates.”,” Guggenheim’s analyst wrote.
Several other research analysts have also recently weighed in on RL. Zacks Investment Research cut Ralph Lauren from a buy rating to a hold rating in a research report on Monday, May 21st. Piper Jaffray Companies set a $109.00 price objective on Ralph Lauren and gave the stock a sell rating in a research report on Tuesday, January 30th. Nomura increased their price objective on Ralph Lauren from $92.00 to $111.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. Telsey Advisory Group increased their price objective on Ralph Lauren from $109.00 to $115.00 and gave the stock a market perform rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a hold rating and set a $113.00 price objective on shares of Ralph Lauren in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $106.94.
RL opened at $137.30 on Wednesday. Ralph Lauren has a 1-year low of $66.06 and a 1-year high of $137.59. The company has a current ratio of 2.24, a quick ratio of 1.58 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $10.96 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.
Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, May 23rd. The textile maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. Ralph Lauren had a return on equity of 14.49% and a net margin of 2.63%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. equities analysts expect that Ralph Lauren will post 6.2 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. grew its holdings in shares of Ralph Lauren by 1.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,158,300 shares of the textile maker’s stock worth $241,298,000 after purchasing an additional 37,800 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ralph Lauren by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,790,800 shares of the textile maker’s stock worth $185,688,000 after purchasing an additional 893,796 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ralph Lauren by 149.3% during the 4th quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock worth $96,829,000 after purchasing an additional 559,273 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Ralph Lauren by 2.9% during the 1st quarter. Northern Trust Corp now owns 718,092 shares of the textile maker’s stock worth $80,282,000 after purchasing an additional 19,909 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 658,142 shares of the textile maker’s stock worth $68,114,000 after purchasing an additional 54,371 shares in the last quarter. 69.61% of the stock is currently owned by institutional investors.
About Ralph Lauren
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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