Wall Street brokerages expect Ralph Lauren Co. (NYSE:RL – Get Rating) to post earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ralph Lauren’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.38. Ralph Lauren reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.1%. The firm is expected to issue its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Ralph Lauren will report full-year earnings of $8.16 per share for the current financial year, with EPS estimates ranging from $7.87 to $8.24. For the next year, analysts forecast that the company will post earnings of $8.64 per share, with EPS estimates ranging from $8.00 to $9.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Ralph Lauren.
A number of research firms have weighed in on RL. Deutsche Bank Aktiengesellschaft reduced their target price on Ralph Lauren from $136.00 to $116.00 in a report on Monday, May 16th. UBS Group upped their target price on Ralph Lauren from $168.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, February 7th. Cowen upped their target price on Ralph Lauren from $162.00 to $171.00 in a report on Friday, February 4th. Wells Fargo & Company downgraded Ralph Lauren from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $110.00 in a report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. upgraded Ralph Lauren from a “neutral” rating to an “overweight” rating and set a $142.00 target price on the stock in a report on Thursday, March 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $132.00.
NYSE:RL traded down $2.29 during mid-day trading on Monday, reaching $90.95. 2,175,140 shares of the company’s stock traded hands, compared to its average volume of 1,078,453. Ralph Lauren has a 12-month low of $88.06 and a 12-month high of $135.99. The company has a 50 day moving average price of $107.67 and a 200-day moving average price of $114.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.50. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 13.64 and a beta of 1.38.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were issued a dividend of $0.6875 per share. The ex-dividend date was Thursday, March 31st. This represents a $2.75 annualized dividend and a dividend yield of 3.02%. Ralph Lauren’s payout ratio is 41.23%.
Ralph Lauren declared that its board has authorized a stock repurchase plan on Thursday, February 3rd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 17.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Ralph Lauren Company Profile (Get Rating)
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, floor coverings, and giftware; and fragrances.
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