Brokers Set Expectations for Ralph Lauren Corp.’s FY2017 Earnings (RL)
Ralph Lauren Corp. (NYSE:RL) – Credit Agricole SA issued their FY2017 earnings per share estimates for shares of Ralph Lauren Corp. in a report released on Wednesday. Credit Agricole SA analyst R. Patel expects that the brokerage will post earnings per share of $5.46 for the year. 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 FY2018 earnings at $6.14 EPS.
Ralph Lauren Corp. (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share.
Other equities research analysts also recently issued research reports about the stock. Cowen and Company reissued a “market perform” rating and set a $98.00 price objective on shares of Ralph Lauren Corp. in a research report on Wednesday, June 22nd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Ralph Lauren Corp. in a research report on Wednesday, June 8th. Morgan Stanley reaffirmed a “hold” rating on shares of Ralph Lauren Corp. in a research report on Wednesday, June 8th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Ralph Lauren Corp. in a research report on Monday, August 8th. Finally, Standpoint Research downgraded shares of Ralph Lauren Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $110.63.
Ralph Lauren Corp. (NYSE:RL) traded up 0.29% on Monday, hitting $100.58. The company’s stock had a trading volume of 10,266 shares. The company has a market capitalization of $8.27 billion, a P/E ratio of 27.49 and a beta of 1.17. The company has a 50 day moving average price of $102.81 and a 200-day moving average price of $96.72. Ralph Lauren Corp. has a 1-year low of $82.15 and a 1-year high of $137.38.
Several institutional investors have recently modified their holdings of RL. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Ralph Lauren Corp. during the second quarter valued at approximately $206,000. Kentucky Retirement Systems bought a new stake in shares of Ralph Lauren Corp. during the second quarter valued at about $435,000. Mason Street Advisors LLC bought a new stake in shares of Ralph Lauren Corp. during the second quarter valued at about $688,000. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $183,000 after buying an additional 1,240 shares during the period. Finally, Tobam raised its stake in shares of Ralph Lauren Corp. by 3.0% in the second quarter. Tobam now owns 50,346 shares of the company’s stock valued at $4,512,000 after buying an additional 1,468 shares during the period. Institutional investors own 63.74% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, September 28th. Ralph Lauren Corp.’s payout ratio is presently 55.25%.
Ralph Lauren Corp. 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.
Receive News & Stock Ratings for Ralph Lauren Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corp. and related stocks with our FREE daily email newsletter.