Ralph Lauren Corp. (NYSE:RL) released its earnings results on Thursday. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ralph Lauren Corp. had a net margin of 4.22% and a return on equity of 14.50%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share.

Shares of Ralph Lauren Corp. (NYSE:RL) opened at 106.26 on Friday. Ralph Lauren Corp. has a 12-month low of $82.15 and a 12-month high of $127.01. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 29.04 and a beta of 0.95. The stock has a 50 day moving average of $99.41 and a 200 day moving average of $97.56.

Earnings History for Ralph Lauren Corp. (NYSE:RL)

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, September 28th. Ralph Lauren Corp.’s payout ratio is 55.25%.

Several large investors have recently added to or reduced their stakes in RL. Norinchukin Bank The increased its stake in Ralph Lauren Corp. by 0.3% in the second quarter. Norinchukin Bank The now owns 2,991 shares of the company’s stock valued at $268,000 after buying an additional 8 shares during the last quarter. World Asset Management Inc increased its stake in shares of Ralph Lauren Corp. by 0.5% in the second quarter. World Asset Management Inc now owns 6,122 shares of the company’s stock valued at $549,000 after buying an additional 32 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Ralph Lauren Corp. by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,475 shares of the company’s stock valued at $580,000 after buying an additional 49 shares in the last quarter. Investment Counselors of Maryland LLC increased its stake in shares of Ralph Lauren Corp. by 5.4% in the third quarter. Investment Counselors of Maryland LLC now owns 1,653 shares of the company’s stock valued at $167,000 after buying an additional 85 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Ralph Lauren Corp. by 1.3% in the second quarter. CIBC Asset Management Inc now owns 6,999 shares of the company’s stock valued at $627,000 after buying an additional 90 shares in the last quarter. 63.49% of the stock is owned by institutional investors.

Several research firms recently commented on RL. Vetr cut shares of Ralph Lauren Corp. from a “hold” rating to a “sell” rating and set a $99.66 price target for the company. in a report on Thursday. Piper Jaffray Cos. restated a “neutral” rating and set a $88.00 price target on shares of Ralph Lauren Corp. in a report on Monday, August 8th. Standpoint Research cut shares of Ralph Lauren Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of Ralph Lauren Corp. from a “sell” rating to a “buy” rating and set a $122.00 price target for the company in a report on Friday, August 12th. Finally, Goldman Sachs Group Inc. raised their price target on shares of Ralph Lauren Corp. from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ralph Lauren Corp. presently has a consensus rating of “Hold” and a consensus target price of $110.63.

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.

5 Day Chart for NYSE:RL

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