$0.98 EPS Expected for Ralph Lauren Corporation (RL) This Quarter
Brokerages expect that Ralph Lauren Corporation (NYSE:RL) will report earnings per share (EPS) of $0.98 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ralph Lauren Corporation’s earnings, with estimates ranging from $0.95 to $1.03. Ralph Lauren Corporation posted earnings per share of $1.06 during the same quarter last year, which would indicate a negative year over year growth rate of 7.5%. The company is expected to report its next quarterly earnings results on Wednesday, August 9th.
On average, analysts expect that Ralph Lauren Corporation will report full year earnings of $4.73 per share for the current fiscal year, with EPS estimates ranging from $4.36 to $5.00. For the next fiscal year, analysts forecast that the firm will report earnings of $4.96 per share, with EPS estimates ranging from $3.94 to $5.75. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ralph Lauren Corporation.
Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.78 by $0.11. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year.
A number of brokerages have commented on RL. BidaskClub raised Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company reissued an “outperform” rating and set a $75.00 price objective on shares of Ralph Lauren Corporation in a report on Monday, June 12th. Piper Jaffray Companies set a $66.00 price objective on Ralph Lauren Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. ValuEngine lowered Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Tigress Financial began coverage on Ralph Lauren Corporation in a report on Thursday, May 25th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $90.37.
Shares of Ralph Lauren Corporation (RL) traded down 0.82% on Monday, reaching $71.49. The company had a trading volume of 896,003 shares. The stock’s market cap is $5.79 billion. The stock has a 50-day moving average price of $73.19 and a 200-day moving average price of $82.66. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.77%. Ralph Lauren Corporation’s payout ratio is -163.93%.
A number of institutional investors have recently bought and sold shares of RL. Comerica Bank increased its position in Ralph Lauren Corporation by 2.1% in the fourth quarter. Comerica Bank now owns 13,861 shares of the textile maker’s stock valued at $1,196,000 after buying an additional 287 shares during the last quarter. LMR Partners LLP purchased a new position in Ralph Lauren Corporation during the first quarter valued at approximately $580,000. Trexquant Investment LP increased its position in Ralph Lauren Corporation by 34.1% in the first quarter. Trexquant Investment LP now owns 5,900 shares of the textile maker’s stock valued at $482,000 after buying an additional 1,500 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Ralph Lauren Corporation during the fourth quarter valued at approximately $6,322,000. Finally, JPMorgan Chase & Co. increased its position in Ralph Lauren Corporation by 113.7% in the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock valued at $201,582,000 after buying an additional 1,314,237 shares during the last quarter. Institutional investors and hedge funds own 58.12% of the company’s stock.
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About Ralph Lauren Corporation
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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