Equities research analysts expect Ralph Lauren Corporation (NYSE:RL) to announce earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ralph Lauren Corporation’s earnings, with estimates ranging from $1.86 to $1.95. Ralph Lauren Corporation also posted earnings per share of $1.90 in the same quarter last year. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Ralph Lauren Corporation will report full year earnings of $5.35 per share for the current year, with EPS estimates ranging from $5.20 to $5.46. For the next year, analysts anticipate that the company will post earnings of $5.22 per share, with EPS estimates ranging from $4.62 to $5.70. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ralph Lauren Corporation.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.15. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS.
RL has been the subject of several research analyst reports. Macquarie upgraded Ralph Lauren Corporation to a “buy” rating and raised their price objective for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, October 10th. Needham & Company LLC initiated coverage on Ralph Lauren Corporation in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Finally, Cowen and Company restated a “hold” rating and issued a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a research note on Tuesday, July 18th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.37.
A number of hedge funds have recently made changes to their positions in the stock. Gateway Investment Advisers LLC raised its position in Ralph Lauren Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock valued at $276,000 after acquiring an additional 12 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Ralph Lauren Corporation by 1.7% in the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock valued at $272,000 after purchasing an additional 60 shares during the period. Amalgamated Bank grew its holdings in Ralph Lauren Corporation by 2.1% in the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 84 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Ralph Lauren Corporation by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 96 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Ralph Lauren Corporation by 1.9% in the second quarter. CIBC Asset Management Inc now owns 6,573 shares of the textile maker’s stock valued at $485,000 after purchasing an additional 124 shares during the period. Institutional investors own 62.84% of the company’s stock.
Shares of Ralph Lauren Corporation (RL) opened at 86.01 on Wednesday. The firm’s 50 day moving average price is $88.79 and its 200-day moving average price is $79.37. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The company’s market capitalization is $6.99 billion.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, September 28th. Ralph Lauren Corporation’s dividend payout ratio is currently -869.57%.
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Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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