Equities analysts forecast that Ralph Lauren Corp (NYSE:RL) will announce $648.59 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ralph Lauren’s earnings. The lowest sales estimate is $597.00 million and the highest is $700.17 million. Ralph Lauren reported sales of $1.43 billion in the same quarter last year, which indicates a negative year over year growth rate of 54.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 4th.
On average, analysts expect that Ralph Lauren will report full-year sales of $5.08 billion for the current financial year, with estimates ranging from $4.94 billion to $5.34 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.81 billion, with estimates ranging from $5.66 billion to $6.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Ralph Lauren.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, May 27th. The textile maker reported ($0.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.66). Ralph Lauren had a return on equity of 17.25% and a net margin of 6.24%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $1.07 earnings per share. Ralph Lauren’s revenue for the quarter was down 15.4% compared to the same quarter last year.
A number of research firms have commented on RL. Needham & Company LLC raised their target price on Ralph Lauren from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Deutsche Bank raised their target price on Ralph Lauren from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Credit Suisse Group raised their target price on Ralph Lauren from $82.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Bank of America raised Ralph Lauren from a “neutral” rating to a “buy” rating and reduced their target price for the company from $132.00 to $100.00 in a report on Wednesday, March 18th. Finally, UBS Group raised their target price on Ralph Lauren from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.17.
Shares of NYSE RL traded up $0.08 during mid-day trading on Tuesday, hitting $70.75. 723,389 shares of the company were exchanged, compared to its average volume of 1,243,624. Ralph Lauren has a 1-year low of $59.82 and a 1-year high of $128.29. The company has a quick ratio of 1.26, a current ratio of 1.61 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $74.67 and a 200-day simple moving average of $91.87. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.43 and a beta of 1.28.
Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in Ralph Lauren during the 4th quarter worth about $100,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Ralph Lauren by 1.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,168 shares of the textile maker’s stock worth $2,012,000 after purchasing an additional 200 shares in the last quarter. Chicago Equity Partners LLC increased its position in Ralph Lauren by 118.0% during the 4th quarter. Chicago Equity Partners LLC now owns 16,460 shares of the textile maker’s stock worth $1,929,000 after purchasing an additional 8,910 shares in the last quarter. Korea Investment CORP increased its position in Ralph Lauren by 13.9% during the 4th quarter. Korea Investment CORP now owns 121,474 shares of the textile maker’s stock worth $14,239,000 after purchasing an additional 14,849 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ralph Lauren during the 4th quarter worth about $2,976,000. Institutional investors and hedge funds own 65.96% of the company’s stock.
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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