Ralph Lauren Co. Expected to Post Q1 2023 Earnings of $1.69 Per Share (NYSE:RL)

Ralph Lauren Co. (NYSE:RLGet Rating) – Investment analysts at Telsey Advisory Group dropped their Q1 2023 earnings per share (EPS) estimates for shares of Ralph Lauren in a research report issued to clients and investors on Wednesday, May 25th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will earn $1.69 per share for the quarter, down from their prior estimate of $2.48. Telsey Advisory Group currently has a “Outperform” rating and a $140.00 price objective on the stock. Telsey Advisory Group also issued estimates for Ralph Lauren’s Q2 2023 earnings at $2.35 EPS, Q4 2023 earnings at $0.83 EPS and FY2023 earnings at $8.17 EPS.

RL has been the subject of a number of other reports. Citigroup cut Ralph Lauren from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $98.00 in a report on Monday. Wedbush downgraded shares of Ralph Lauren from an “outperform” rating to a “neutral” rating and cut their price target for the company from $150.00 to $127.00 in a report on Monday, March 7th. Cowen upped their price objective on shares of Ralph Lauren from $162.00 to $171.00 in a research note on Friday, February 4th. TheStreet downgraded Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday. Finally, Credit Suisse Group dropped their price target on Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.07.

Shares of RL opened at $98.41 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 1.88. The company has a 50-day simple moving average of $106.25 and a 200-day simple moving average of $114.36. Ralph Lauren has a 52 week low of $86.55 and a 52 week high of $135.99. The firm has a market capitalization of $7.00 billion, a P/E ratio of 14.75 and a beta of 1.38.

Ralph Lauren (NYSE:RLGet Rating) last announced its earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. Ralph Lauren had a net margin of 8.38% and a return on equity of 22.59%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Ralph Lauren’s revenue was up 18.7% compared to the same quarter last year.

Ralph Lauren declared that its board has authorized a stock buyback program on Thursday, February 3rd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the textile maker to reacquire up to 17.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be paid a $0.75 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.69. This represents a $3.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, June 30th. Ralph Lauren’s payout ratio is 41.23%.

Large investors have recently modified their holdings of the company. CWM LLC boosted its stake in Ralph Lauren by 127.7% in the first quarter. CWM LLC now owns 230 shares of the textile maker’s stock valued at $26,000 after buying an additional 129 shares in the last quarter. US Asset Management LLC acquired a new stake in Ralph Lauren in the first quarter valued at $35,000. Daiwa Securities Group Inc. raised its position in shares of Ralph Lauren by 38.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker’s stock worth $54,000 after acquiring an additional 125 shares during the last quarter. Covestor Ltd bought a new stake in shares of Ralph Lauren in the 4th quarter valued at $57,000. Finally, IndexIQ Advisors LLC bought a new stake in shares of Ralph Lauren during the 4th quarter valued at about $84,000. Institutional investors own 99.89% of the company’s stock.

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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Earnings History and Estimates for Ralph Lauren (NYSE:RL)

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