Zacks: Analysts Anticipate Ralph Lauren Corp (NYSE:RL) Will Post Earnings of $2.43 Per Share

Analysts expect that Ralph Lauren Corp (NYSE:RL) will announce earnings of $2.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ralph Lauren’s earnings. The lowest EPS estimate is $2.39 and the highest is $2.51. Ralph Lauren reported earnings per share of $2.32 during the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to report its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Ralph Lauren will report full-year earnings of $7.69 per share for the current year, with EPS estimates ranging from $7.64 to $7.75. For the next fiscal year, analysts anticipate that the company will post earnings of $8.32 per share, with EPS estimates ranging from $7.86 to $8.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ralph Lauren.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.16. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The company’s revenue was up .9% on a year-over-year basis.

A number of brokerages have weighed in on RL. Piper Jaffray Companies set a $83.00 price target on shares of Ralph Lauren and gave the company a “hold” rating in a report on Friday, August 16th. Barclays started coverage on shares of Ralph Lauren in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $130.00 price objective on the stock. Guggenheim reiterated a “hold” rating on shares of Ralph Lauren in a report on Thursday, November 7th. ValuEngine downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Bank of America cut their target price on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research note on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $126.31.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $92.95, for a total transaction of $6,639,232.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jane Nielsen sold 10,000 shares of Ralph Lauren stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $113.84, for a total value of $1,138,400.00. Following the transaction, the chief financial officer now directly owns 65,308 shares in the company, valued at approximately $7,434,662.72. The disclosure for this sale can be found here. Insiders sold a total of 477,341 shares of company stock valued at $47,730,097 in the last ninety days. Company insiders own 34.26% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its position in Ralph Lauren by 589.2% during the second quarter. CWM LLC now owns 255 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 218 shares in the last quarter. CSat Investment Advisory L.P. lifted its position in Ralph Lauren by 40.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 515 shares of the textile maker’s stock worth $59,000 after buying an additional 148 shares in the last quarter. First Interstate Bank lifted its position in Ralph Lauren by 370.7% in the 3rd quarter. First Interstate Bank now owns 1,139 shares of the textile maker’s stock worth $109,000 after buying an additional 897 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Ralph Lauren by 28.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 997 shares of the textile maker’s stock valued at $113,000 after buying an additional 223 shares during the period. Finally, Squar Milner Financial Services LLC boosted its stake in shares of Ralph Lauren by 11.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock valued at $135,000 after buying an additional 147 shares during the period. 66.49% of the stock is owned by institutional investors and hedge funds.

NYSE:RL opened at $111.67 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $104.68 and its 200 day moving average price is $102.47. Ralph Lauren has a 52-week low of $82.69 and a 52-week high of $133.63. The firm has a market cap of $8.33 billion, a P/E ratio of 15.53, a PEG ratio of 2.75 and a beta of 0.90.

About Ralph Lauren

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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