Media coverage about Ralph Lauren (NYSE:RL) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ralph Lauren earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 46.5969539927548 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s rankings:
Ralph Lauren (NYSE RL) traded down $2.37 during mid-day trading on Wednesday, hitting $104.42. 1,338,100 shares of the stock traded hands, compared to its average volume of 1,065,440. Ralph Lauren has a 12-month low of $66.06 and a 12-month high of $107.39. The company has a market capitalization of $8,630.00, a P/E ratio of 108.77, a P/E/G ratio of 2.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm earned $1.90 earnings per share. Ralph Lauren’s quarterly revenue was down 8.6% on a year-over-year basis. sell-side analysts expect that Ralph Lauren will post 5.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, December 28th. Ralph Lauren’s dividend payout ratio is presently 208.33%.
RL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Bank of America lowered shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley raised their target price on shares of Ralph Lauren from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Finally, Barclays began coverage on shares of Ralph Lauren in a research report on Tuesday, September 19th. They issued an “underweight” rating and a $84.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren currently has a consensus rating of “Hold” and a consensus target price of $88.66.
In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 32.93% of the company’s stock.
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About Ralph Lauren
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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