Equities research analysts expect Ralph Lauren Corp (NYSE:RL) to post $1.71 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Ralph Lauren’s earnings. The highest sales estimate is $1.72 billion and the lowest is $1.71 billion. Ralph Lauren reported sales of $1.73 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The company is expected to issue its next quarterly earnings results on Tuesday, February 4th.
On average, analysts expect that Ralph Lauren will report full-year sales of $6.37 billion for the current financial year, with estimates ranging from $6.35 billion to $6.37 billion. For the next year, analysts expect that the firm will report sales of $6.50 billion, with estimates ranging from $6.42 billion to $6.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ralph Lauren.
Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.16. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. Ralph Lauren had a net margin of 7.08% and a return on equity of 19.52%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 EPS.
A number of analysts have commented on RL shares. Bank of America cut their price objective on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a report on Monday, August 26th. Piper Jaffray Companies set a $83.00 target price on Ralph Lauren and gave the stock a “hold” rating in a report on Friday, August 16th. Guggenheim restated a “hold” rating on shares of Ralph Lauren in a report on Thursday, November 7th. Atlantic Securities raised Ralph Lauren from a “neutral” rating to an “overweight” rating and increased their price target for the company from $135.00 to $138.00 in a report on Tuesday, September 24th. They noted that the move was a valuation call. Finally, Barclays began coverage on Ralph Lauren in a research report on Tuesday, November 12th. They set an “overweight” rating and a $130.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.31.
Shares of RL stock traded up $0.75 during trading hours on Friday, hitting $114.00. 1,088,353 shares of the company’s stock were exchanged, compared to its average volume of 1,114,152. The company has a quick ratio of 1.37, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The firm has a market cap of $8.33 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.73 and a beta of 0.90. The firm has a 50 day moving average of $105.72 and a two-hundred day moving average of $102.46. Ralph Lauren has a fifty-two week low of $82.69 and a fifty-two week high of $133.63.
In other news, CFO Jane Nielsen sold 10,000 shares of Ralph Lauren stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $113.84, for a total transaction of $1,138,400.00. Following the sale, the chief financial officer now owns 65,308 shares in the company, valued at $7,434,662.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Howard Smith sold 3,059 shares of Ralph Lauren stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $112.29, for a total value of $343,495.11. The disclosure for this sale can be found here. Insiders sold 477,341 shares of company stock valued at $47,730,097 over the last quarter. 34.26% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV lifted its position in shares of Ralph Lauren by 598.1% in the second quarter. KBC Group NV now owns 58,328 shares of the textile maker’s stock valued at $6,626,000 after acquiring an additional 49,973 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Ralph Lauren by 16.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 620 shares during the period. Voya Investment Management LLC increased its position in Ralph Lauren by 15.6% during the third quarter. Voya Investment Management LLC now owns 677,507 shares of the textile maker’s stock worth $64,681,000 after purchasing an additional 91,274 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ralph Lauren by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock worth $204,829,000 after purchasing an additional 87,683 shares during the last quarter. Finally, BlackRock Inc. increased its position in Ralph Lauren by 1.6% during the second quarter. BlackRock Inc. now owns 4,091,952 shares of the textile maker’s stock worth $464,804,000 after purchasing an additional 65,167 shares during the last quarter. 66.47% of the stock is currently owned by institutional investors.
Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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