Ralph Lauren Corp. (NYSE:RL) – Equities researchers at Credit Agricole SA issued their FY2017 EPS estimates for shares of Ralph Lauren Corp. in a note issued to investors on Wednesday. Credit Agricole SA analyst R. Patel forecasts that the firm will post earnings of $5.46 per share for the year. Credit Agricole SA currently 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.
Several other research firms also recently weighed in on RL. Vetr downgraded Ralph Lauren Corp. from a “buy” rating to a “hold” rating and set a $99.66 target price for the company. in a report on Wednesday, September 28th. BB&T Corp. reissued a “buy” rating and issued a $115.00 target price on shares of Ralph Lauren Corp. in a report on Thursday, June 9th. Cowen and Company reissued a “market perform” rating and issued a $101.00 target price (up from $98.00) on shares of Ralph Lauren Corp. in a report on Saturday, August 13th. Bank of America Corp. set a $110.00 target price on Ralph Lauren Corp. and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Macquarie boosted their target price on Ralph Lauren Corp. from $119.00 to $121.00 and gave the company an “outperform” rating in a report on Tuesday, September 27th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.63.
Ralph Lauren Corp. (NYSE:RL) traded up 0.29% during trading on Monday, hitting $100.58. The stock had a trading volume of 10,266 shares. The company has a market cap of $8.27 billion, a P/E ratio of 27.49 and a beta of 1.17. Ralph Lauren Corp. has a one year low of $82.15 and a one year high of $137.38. The firm has a 50 day moving average of $102.81 and a 200-day moving average of $96.72.
Ralph Lauren Corp. (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.06 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 the consensus estimate of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. During the same quarter in the prior year, the company posted $1.09 EPS. Ralph Lauren Corp.’s quarterly revenue was down 4.1% on a year-over-year basis.
Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Ralph Lauren Corp. by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,036,266 shares of the company’s stock valued at $196,010,000 after buying an additional 171,109 shares during the period. Strs Ohio boosted its stake in Ralph Lauren Corp. by 17.1% in the second quarter. Strs Ohio now owns 505,000 shares of the company’s stock valued at $45,258,000 after buying an additional 73,830 shares during the period. Geode Capital Management LLC boosted its stake in Ralph Lauren Corp. by 3.8% in the first quarter. Geode Capital Management LLC now owns 498,550 shares of the company’s stock valued at $47,896,000 after buying an additional 18,350 shares during the period. PGGM Investments boosted its stake in Ralph Lauren Corp. by 33.4% in the second quarter. PGGM Investments now owns 361,894 shares of the company’s stock valued at $32,433,000 after buying an additional 90,566 shares during the period. Finally, Prudential PLC boosted its stake in Ralph Lauren Corp. by 30.2% in the first quarter. Prudential PLC now owns 72,869 shares of the company’s stock valued at $7,014,000 after buying an additional 16,888 shares during the period. Hedge funds and other institutional investors own 63.74% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, September 28th. Ralph Lauren Corp.’s dividend payout ratio (DPR) 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.
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