Ralph Lauren (NYSE:RL) posted its quarterly earnings results on Thursday. The textile maker reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.16, RTT News reports. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $2.26 EPS. The business’s revenue was up .9% compared to the same quarter last year.

RL traded down $2.96 during trading on Friday, hitting $112.71. The company’s stock had a trading volume of 878,343 shares, compared to its average volume of 885,481. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. Ralph Lauren has a twelve month low of $82.69 and a twelve month high of $133.63. The business’s fifty day simple moving average is $95.17 and its 200 day simple moving average is $104.76. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 4.06 and a beta of 0.90.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.688 dividend. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.69. This represents a $2.75 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 38.25%.

A number of research firms have recently issued reports on RL. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target (down previously from $155.00) on shares of Ralph Lauren in a research report on Wednesday, July 31st. Bank of America dropped their price target on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. Atlantic Securities raised Ralph Lauren from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $135.00 to $138.00 in a research report on Tuesday, September 24th. They noted that the move was a valuation call. Piper Jaffray Companies set a $83.00 target price on Ralph Lauren and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, ValuEngine raised Ralph Lauren from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $127.67.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 35,714 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.06, for a total value of $3,037,832.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 357,140 shares of company stock worth $33,683,302. 34.26% of the stock is owned by corporate insiders.

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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Earnings History for Ralph Lauren (NYSE:RL)

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