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.

Several equities analysts recently issued reports on the stock. Cowen reiterated a “hold” rating and issued a $89.00 target price on shares of Ralph Lauren in a research note on Sunday, September 17th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America cut shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $100.14 to $80.00 in a research note on Wednesday. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $88.00 target price on shares of Ralph Lauren in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.66.

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%.

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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.

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