$1.63 Billion in Sales Expected for Ralph Lauren Corp (RL) This Quarter
Wall Street analysts expect that Ralph Lauren Corp (NYSE:RL) will report sales of $1.63 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ralph Lauren’s earnings, with the lowest sales estimate coming in at $1.62 billion and the highest estimate coming in at $1.64 billion. Ralph Lauren reported sales of $1.71 billion during the same quarter last year, which indicates a negative year over year growth rate of 4.7%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Ralph Lauren will report full-year sales of $1.63 billion for the current fiscal year, with estimates ranging from $6.09 billion to $6.14 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.01 billion per share, with estimates ranging from $5.96 billion to $6.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Ralph Lauren.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS.
In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.93% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ralph Lauren by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Ralph Lauren by 12.0% during the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after buying an additional 238 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Ralph Lauren during the third quarter worth $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Ralph Lauren during the third quarter worth $209,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Ralph Lauren during the third quarter worth $263,000. 66.98% of the stock is owned by institutional investors and hedge funds.
Ralph Lauren (NYSE RL) traded up $0.63 during mid-day trading on Friday, hitting $96.85. 1,048,800 shares of the stock traded hands, compared to its average volume of 1,541,746. The stock has a market cap of $7,820.28, a P/E ratio of 16.45, a P/E/G ratio of 1.98 and a beta of 0.66. 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 has a fifty-two week low of $66.06 and a fifty-two week high of $103.09.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. Ralph Lauren’s dividend payout ratio is presently 206.19%.
COPYRIGHT VIOLATION NOTICE: “$1.63 Billion in Sales Expected for Ralph Lauren Corp (RL) This Quarter” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/15/1-63-billion-in-sales-expected-for-ralph-lauren-corp-rl-this-quarter.html.
Ralph Lauren Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.