Ralph Lauren Co. (NYSE: RL) is expected to post earnings of $ 0.86 per share


Stock analysts expect Ralph Lauren Co. (NYSE: RL) to report earnings of $ 0.86 per share for the current quarter, according to Zack. Three analysts made estimates for Ralph Lauren’s earnings. The highest EPS estimate is $ 0.90 and the lowest is $ 0.81. Ralph Lauren reported earnings per share of ($ 1.82) for the same quarter last year, which would indicate a positive year-over-year growth rate of 147.3%. The company is expected to release its next quarterly results on Tuesday, August 3.

According to Zacks, analysts expect Ralph Lauren to report annual earnings of $ 5.91 per share for the current fiscal year, with EPS estimates ranging from $ 5.60 to $ 6.03. For the next fiscal year, analysts predict the company will post earnings of $ 7.05 per share, with EPS estimates ranging from $ 6.38 to $ 7.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that cover Ralph Lauren.

Ralph Lauren (NYSE: RL) last released its quarterly earnings data on Wednesday, May 19. The textile maker reported earnings of $ 0.38 per share (EPS) for the quarter, beating the Zacks consensus estimate of ($ 0.73) by $ 1.11. The company posted revenue of $ 1.29 billion in the quarter, against analysts’ expectations of $ 1.21 billion. Ralph Lauren had a negative net margin of 2.75% and a positive return on equity of 4.89%. The company’s revenue for the quarter increased 1.0% year-over-year. In the same quarter of the previous year, the company achieved earnings per share ($ 0.68).

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered its price target for Ralph Lauren shares from $ 131.00 to $ 119.00 and set a “hold” rating for the company in a report released on Friday, May 21. JPMorgan Chase & Co. raised its price target for Ralph Lauren shares from $ 114.00 to $ 132.00 and rated the company “neutral” in a report released on Friday, May 21. Zacks investment research is reducing Ralph Lauren shares from a “buy” rating to a “hold” rating and has set a price target of $ 128.00 for the company. in a report on Monday, May 24. The UBS Group increased its price target for Ralph Lauren stock from $ 145.00 to $ 170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 11. Finally, BMO Capital Markets raised its price target on Ralph Lauren shares from $ 92.00 to $ 99.00 and assigned the stock a “market performance” rating in a research report released on Friday. May 21st. Six analysts rated the stock with a conservation rating and eleven issued a buy rating for the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $ 126.35.

In other Ralph Lauren news, Executive Vice President Andrew Howard Smith sold 6,212 shares in a deal dated Thursday, May 27. The shares were sold at an average price of $ 125, for a total trade of $ 776,500.00. Following the sale, the Executive Vice President now directly owns 65,895 shares of the company, valued at $ 8,236,875. The sale was disclosed in a file with the Securities & Exchange Commission, which is available at this link. In addition, CFO Jane Nielsen sold 10,627 shares in a transaction dated Monday, April 12. The stock was sold at an average price of $ 127.69, for a total trade of $ 1,356,961.63. As a result of the sale, the CFO now owns 114,341 shares of the company, valued at $ 14,600,202.29. Disclosure of this sale can be found here. Company insiders own 34.62% of the company’s shares.

Several institutional investors and hedge funds have recently bought and sold shares in the company. JPMorgan Chase & Co. increased its stake in Ralph Lauren by 2.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,345,287 shares of the textile maker valued at $ 412,007,000 after purchasing an additional 76,025 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Ralph Lauren by 146,501.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,617,014 shares of the textile maker valued at $ 167,748,000 after purchasing an additional 1,615,911 shares in the last quarter. Standard Life Aberdeen plc increased its stake in Ralph Lauren by 8,297.5% in the 1st quarter. Standard Life Aberdeen plc now owns 912,053 shares of the textile maker valued at $ 112,347,000 after purchasing an additional 901,192 shares in the last quarter. Geode Capital Management LLC increased its stake in Ralph Lauren by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 884,842 shares of the textile maker valued at $ 108,803,000 after purchasing an additional 6,138 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Ralph Lauren by 22.1% in the 1st quarter. Royce & Associates LP now owns 751,521 shares of the textile maker valued at $ 92,557,000 after purchasing an additional 135,931 shares in the last quarter. Institutional investors hold 60.41% of the shares of the company.

NYSE RL shares opened at $ 115.18 on Wednesday. The company has a market cap of $ 8.42 billion, a PE ratio of -68.56, a P / E / G ratio of 1.33 and a beta of 1.51. The company’s 50-day mobile average price is $ 124.80. The company has a debt to equity ratio of 0.63, a rapid ratio of 2.18 and a current ratio of 2.66. Ralph Lauren has a 52 week low of $ 63.90 and a 52 week high of $ 142.06.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 9. Investors of record on Friday, June 25 will receive a dividend of $ 0.6875. The ex-dividend date is Thursday, June 24. This represents an annualized dividend of $ 2.75 and a dividend yield of 2.39%. Ralph Lauren’s dividend payout ratio (DPR) is currently 161.76%.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing and accessories for men, women and children, which includes casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, jewelry. fashion and quality, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods and belts; home products consisting of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, floor coverings and gift items; and perfumes.

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Ralph Lauren Profit History and Estimates (NYSE: RL)

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