Ralph Lauren Corp (RL) Expected to Announce Quarterly Sales of $1.63 Billion

Wall Street analysts predict that Ralph Lauren Corp (NYSE:RL) will post sales of $1.63 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ralph Lauren’s earnings. The highest sales estimate is $1.64 billion and the lowest is $1.62 billion. Ralph Lauren posted sales of $1.71 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The business is scheduled to report its next quarterly 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 financial year, with estimates ranging from $6.09 billion to $6.14 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.01 billion per share, with estimates ranging from $5.96 billion to $6.06 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ralph Lauren.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue was down 8.6% compared to the same quarter last year.

Several equities research analysts have recently issued reports on RL shares. Macquarie raised Ralph Lauren to a “buy” rating and lifted their target price for the stock from $96.00 to $100.00 in a report on Tuesday, September 5th. Credit Suisse Group raised Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 price objective on the stock in a research note on Friday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, September 12th. Buckingham Research boosted their price objective on Ralph Lauren from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 13th. Finally, Cowen reissued a “hold” rating and set a $89.00 price objective on shares of Ralph Lauren in a research note on Sunday, September 17th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.66.

In related news, insider Valerie Hermann sold 2,400 shares of the business’s stock in a transaction that occurred 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 owns 35,028 shares in the company, valued at $3,195,254.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.93% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 96 shares in the last quarter. Pacer Advisors Inc. increased its position 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 purchasing an additional 238 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Ralph Lauren during the third quarter worth $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Ralph Lauren during the third quarter worth $209,000. Finally, TLP Group LLC increased its position in shares of Ralph Lauren by 5,614.8% during the second 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. Institutional investors own 66.87% of the company’s stock.

Shares of Ralph Lauren (RL) opened at $103.69 on Monday. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $105.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. The stock has a market capitalization of $8,427.41, a PE ratio of 106.90, a PEG ratio of 2.12 and a beta of 0.65.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.93%. Ralph Lauren’s dividend payout ratio (DPR) 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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