$0.86 Earnings Per Share Expected for Ralph Lauren Co. (RL) This Quarter

Equities research analysts predict that Ralph Lauren Co. (NYSE:RL) will announce $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ralph Lauren’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.92. Ralph Lauren reported earnings of $0.89 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The business is expected to report its next earnings results on Thursday, May 17th.

On average, analysts expect that Ralph Lauren will report full-year earnings of $5.98 per share for the current year, with EPS estimates ranging from $5.94 to $6.04. For the next fiscal year, analysts anticipate that the business will post earnings of $6.12 per share, with EPS estimates ranging from $5.98 to $6.23. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Ralph Lauren.

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Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.16. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share.

A number of brokerages have recently issued reports on RL. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Wednesday, April 11th. Piper Jaffray set a $109.00 price objective on Ralph Lauren and gave the stock a “sell” rating in a report on Tuesday, January 30th. Nomura boosted their price target on Ralph Lauren from $92.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Telsey Advisory Group boosted their price target on Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $113.00 price target on shares of Ralph Lauren in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.00.

Shares of NYSE:RL traded up $1.00 during trading on Wednesday, reaching $112.15. 484,069 shares of the stock were exchanged, compared to its average volume of 931,463. Ralph Lauren has a 12 month low of $66.06 and a 12 month high of $119.33. The stock has a market cap of $9,035.27, a PE ratio of 19.64, a P/E/G ratio of 1.78 and a beta of 0.64. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.78%. The ex-dividend date was Wednesday, March 28th. Ralph Lauren’s payout ratio is presently 35.03%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its stake in Ralph Lauren by 5.7% during the fourth quarter. Amalgamated Bank now owns 11,505 shares of the textile maker’s stock worth $1,193,000 after purchasing an additional 619 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Ralph Lauren by 11.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,718 shares of the textile maker’s stock worth $697,000 after buying an additional 712 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Ralph Lauren by 3.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the textile maker’s stock worth $2,013,000 after buying an additional 800 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Ralph Lauren by 2.0% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 48,442 shares of the textile maker’s stock worth $4,277,000 after buying an additional 962 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Ralph Lauren by 1.1% during the fourth quarter. Rhumbline Advisers now owns 94,497 shares of the textile maker’s stock worth $9,798,000 after buying an additional 1,034 shares in the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

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Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

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