Ralph Lauren (RL) Set to Announce Earnings on Thursday

Ralph Lauren (NYSE:RLGet Free Report) will be posting its quarterly earnings results before the market opens on Thursday, February 8th. Analysts expect Ralph Lauren to post earnings of $3.47 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The textile maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.92 by $0.18. Ralph Lauren had a return on equity of 24.14% and a net margin of 8.12%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $2.23 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect Ralph Lauren to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Ralph Lauren Trading Down 0.1 %

Shares of RL stock opened at $147.34 on Wednesday. Ralph Lauren has a 12 month low of $103.17 and a 12 month high of $148.84. The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The company has a market cap of $9.52 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. The business’s 50 day moving average is $140.77 and its two-hundred day moving average is $126.01.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.75 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.04%. Ralph Lauren’s dividend payout ratio is 38.31%.

Hedge Funds Weigh In On Ralph Lauren

Several institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC lifted its holdings in shares of Ralph Lauren by 98.9% during the 3rd quarter. Penserra Capital Management LLC now owns 527 shares of the textile maker’s stock valued at $60,000 after purchasing an additional 262 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Ralph Lauren during the 1st quarter valued at about $89,000. Covestor Ltd lifted its holdings in shares of Ralph Lauren by 89.6% during the 1st quarter. Covestor Ltd now owns 916 shares of the textile maker’s stock valued at $104,000 after purchasing an additional 433 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Ralph Lauren during the 1st quarter valued at about $131,000. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Ralph Lauren during the 3rd quarter valued at about $178,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RL has been the subject of several research reports. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company raised their target price on Ralph Lauren from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Ralph Lauren in a research report on Thursday, February 1st. TD Cowen raised their target price on Ralph Lauren from $142.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Finally, Evercore ISI started coverage on Ralph Lauren in a research report on Tuesday, November 7th. They issued an “outperform” rating and a $130.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $146.36.

Check Out Our Latest Stock Report on RL

About Ralph Lauren

(Get Free Report)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

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Earnings History for Ralph Lauren (NYSE:RL)

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