News articles about Ralph Lauren (NYSE:RL) have trended somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 47.6757118742747 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Ralph Lauren (RL) traded up $0.60 during trading hours on Wednesday, reaching $105.14. The company’s stock had a trading volume of 202,613 shares, compared to its average volume of 1,184,390. The firm has a market capitalization of $8,560.00, a PE ratio of 58.17, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. Ralph Lauren has a one year low of $66.06 and a one year high of $119.33.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. equities analysts predict that Ralph Lauren will post 5.93 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Tuesday. Bank of America increased their price objective on Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $113.00 price objective on shares of Ralph Lauren in a research report on Friday, February 2nd. 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. Finally, 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. Five analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Ralph Lauren has an average rating of “Hold” and a consensus price target of $98.05.
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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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