Wall Street analysts expect Ralph Lauren Corp (NYSE:RL) to announce earnings per share of $1.82 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ralph Lauren’s earnings, with the lowest EPS estimate coming in at $1.74 and the highest estimate coming in at $1.85. Ralph Lauren reported earnings per share of $1.86 in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The company is expected to announce its next earnings results before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Ralph Lauren will report full-year earnings of $5.56 per share for the current fiscal year, with EPS estimates ranging from $5.46 to $5.75. For the next fiscal year, analysts forecast that the business will post earnings of $5.37 per share, with EPS estimates ranging from $5.06 to $5.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Ralph Lauren.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share.

RL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Bank of America lowered Ralph Lauren from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $88.00 target price on shares of Ralph Lauren in a report on Thursday, October 5th. Finally, Citigroup lifted their target price on Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.66.

Ralph Lauren (NYSE:RL) traded up $0.85 during trading hours on Tuesday, reaching $106.79. The company had a trading volume of 980,200 shares, compared to its average volume of 1,035,144. The firm has a market capitalization of $8,680.00, a price-to-earnings ratio of 111.24, a P/E/G ratio of 2.18 and a beta of 0.65. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $106.92. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. Ralph Lauren’s dividend payout ratio is currently 208.33%.

In related news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the transaction, the insider now owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after acquiring an additional 2,186,269 shares during the period. BlackRock Inc. boosted its position in Ralph Lauren by 26.7% during the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after acquiring an additional 1,225,845 shares during the period. Jupiter Asset Management Ltd. boosted its position in Ralph Lauren by 35.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after acquiring an additional 408,000 shares during the period. JPMorgan Chase & Co. boosted its position in Ralph Lauren by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock worth $127,633,000 after acquiring an additional 12,554 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after buying an additional 1,279,221 shares during the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.

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About Ralph Lauren

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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