Brokers Set Expectations for Ralph Lauren Corp.’s Q2 2017 Earnings (RL)
Ralph Lauren Corp. (NYSE:RL) – Research analysts at Credit Agricole SA issued their Q2 2017 earnings per share estimates for Ralph Lauren Corp. in a report released on Wednesday. Credit Agricole SA analyst R. Patel expects that the firm will post earnings of $1.72 per share for the quarter. Credit Agricole SA has a “Buy” rating and a $125.00 price target on the stock. Credit Agricole SA also issued estimates for Ralph Lauren Corp.’s Q3 2017 earnings at $1.89 EPS, Q4 2017 earnings at $0.78 EPS, FY2019 earnings at $7.45 EPS and FY2020 earnings at $8.90 EPS.
A number of other equities research analysts have also weighed in on RL. Vetr upgraded Ralph Lauren Corp. from a “buy” rating to a “strong-buy” rating and set a $101.29 price objective for the company in a research note on Monday, June 27th. Macquarie raised their price objective on Ralph Lauren Corp. from $119.00 to $121.00 and gave the company an “outperform” rating in a research note on Tuesday, September 27th. Miller Tabak lowered Ralph Lauren Corp. from a “buy” rating to a “hold” rating and set a $115.00 price objective for the company. in a research note on Wednesday, June 8th. Deutsche Bank AG restated a “hold” rating and set a $95.00 price objective (up previously from $85.00) on shares of Ralph Lauren Corp. in a research note on Wednesday, August 10th. Finally, Bank of America Corp. set a $110.00 price objective on Ralph Lauren Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Ralph Lauren Corp. has an average rating of “Hold” and an average price target of $110.63.
Ralph Lauren Corp. (NYSE:RL) opened at 101.14 on Friday. The stock has a 50 day moving average price of $103.27 and a 200-day moving average price of $96.67. Ralph Lauren Corp. has a 12-month low of $82.15 and a 12-month high of $137.38. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 27.64 and a beta of 1.11.
Ralph Lauren Corp. (NYSE:RL) last released its earnings results on Wednesday, August 10th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, September 28th. Ralph Lauren Corp.’s dividend payout ratio (DPR) is presently 55.25%.
Several institutional investors have recently modified their holdings of the stock. Kazazian Asset Management LLC purchased a new position in shares of Ralph Lauren Corp. during the first quarter valued at about $111,000. Investment Counselors of Maryland LLC bought a new position in shares of Ralph Lauren Corp. during the second quarter worth about $141,000. Trust Department MB Financial Bank N A boosted its position in shares of Ralph Lauren Corp. by 795.2% in the second quarter. Trust Department MB Financial Bank N A now owns 1,128 shares of the company’s stock worth $149,000 after buying an additional 1,002 shares during the last quarter. Exane Derivatives boosted its position in shares of Ralph Lauren Corp. by 15.8% in the first quarter. Exane Derivatives now owns 1,583 shares of the company’s stock worth $152,000 after buying an additional 216 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Ralph Lauren Corp. by 154.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,044 shares of the company’s stock worth $183,000 after buying an additional 1,240 shares during the last quarter. Institutional investors own 63.74% of the company’s stock.
About Ralph Lauren Corp.
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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