Ralph Lauren Corporation (NYSE:RL) released its quarterly earnings data on Tuesday. The textile maker reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.15, Bloomberg Earnings reports. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $1.06 EPS. Ralph Lauren Corporation’s revenue for the quarter was down 13.2% on a year-over-year basis.

Ralph Lauren Corporation (NYSE RL) opened at 88.53 on Wednesday. The company’s 50 day moving average price is $73.28 and its 200-day moving average price is $77.28. The firm’s market capitalization is $7.17 billion. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 28th. Ralph Lauren Corporation’s payout ratio is presently -163.93%.

Several research firms have recently weighed in on RL. UBS AG reiterated a “positive” rating and set a $90.00 price objective (up previously from $73.00) on shares of Ralph Lauren Corporation in a report on Wednesday. Royal Bank Of Canada set a $88.00 price objective on Ralph Lauren Corporation and gave the company a “hold” rating in a report on Wednesday. Atlantic Securities upgraded Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating in a report on Wednesday. BidaskClub upgraded Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.27.

Hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. increased its stake in Ralph Lauren Corporation by 219.0% in the second quarter. Pacad Investment Ltd. now owns 6,700 shares of the textile maker’s stock worth $494,000 after buying an additional 4,600 shares in the last quarter. ARGA Investment Management LP increased its stake in Ralph Lauren Corporation by 26.7% in the second quarter. ARGA Investment Management LP now owns 43,200 shares of the textile maker’s stock worth $3,188,000 after buying an additional 9,100 shares in the last quarter. Tobam increased its stake in Ralph Lauren Corporation by 30.8% in the second quarter. Tobam now owns 83,521 shares of the textile maker’s stock worth $6,164,000 after buying an additional 19,657 shares in the last quarter. Pacer Advisors Inc. increased its stake in Ralph Lauren Corporation by 12.0% in the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after buying an additional 238 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Ralph Lauren Corporation by 26.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,247 shares of the textile maker’s stock worth $1,051,000 after buying an additional 2,968 shares in the last quarter. 58.45% of the stock is owned by institutional investors and hedge funds.

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Ralph Lauren Corporation 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.

Earnings History for Ralph Lauren Corporation (NYSE:RL)

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