Zacks: Brokerages Expect Ralph Lauren Corp (RL) Will Announce Quarterly Sales of $1.63 Billion

Analysts predict that Ralph Lauren Corp (NYSE:RL) will post sales of $1.63 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Ralph Lauren’s earnings, with estimates ranging from $1.62 billion to $1.64 billion. Ralph Lauren reported sales of $1.71 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. 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 sales of $1.63 billion for the current year, with estimates ranging from $6.09 billion to $6.14 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.01 billion per share, with estimates ranging from $5.96 billion to $6.06 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Ralph Lauren.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Monday, January 8th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Royal Bank of Canada reiterated a “hold” rating and set a $88.00 price target on shares of Ralph Lauren in a report on Thursday, October 5th. Finally, Cowen set a $97.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $88.66.

Ralph Lauren (NYSE:RL) opened at $106.05 on Thursday. The stock has a market cap of $8,486.74, a price-to-earnings ratio of 109.33, a PEG ratio of 2.13 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren has a 1-year low of $66.06 and a 1-year high of $107.39.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued 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 1.89%. Ralph Lauren’s payout ratio is 206.19%.

In related news, insider Valerie Hermann sold 2,400 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the sale, 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 the SEC website. Corporate insiders own 32.93% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Ralph Lauren by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $209,000. TLP Group LLC boosted its position in shares of Ralph Lauren by 5,614.8% during the 2nd quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock worth $257,000 after purchasing an additional 3,425 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $263,000. Hedge funds and other institutional investors own 66.89% of the company’s stock.

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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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