Ralph Lauren Corp (NYSE:RL) – Research analysts at Piper Jaffray Companies reduced their Q4 2019 EPS estimates for shares of Ralph Lauren in a research note issued to investors on Wednesday, November 7th. Piper Jaffray Companies analyst E. Murphy now anticipates that the textile maker will earn $0.77 per share for the quarter, down from their previous estimate of $0.81. Piper Jaffray Companies has a “Neutral” rating and a $125.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Ralph Lauren’s Q1 2020 earnings at $1.49 EPS, Q4 2020 earnings at $0.75 EPS and FY2021 earnings at $7.40 EPS.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a return on equity of 16.19% and a net margin of 3.82%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year.

A number of other equities research analysts also recently commented on RL. Guggenheim reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Tuesday. Bank of America lifted their target price on Ralph Lauren from $113.00 to $117.00 and gave the stock a “sell” rating in a report on Wednesday, August 1st. Credit Suisse Group boosted their price target on Ralph Lauren from $153.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the company a “hold” rating in a report on Tuesday. Finally, Buckingham Research boosted their price target on Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and an average price target of $137.38.

Ralph Lauren stock opened at $123.93 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 1.70. Ralph Lauren has a 52 week low of $85.91 and a 52 week high of $147.79. The stock has a market cap of $10.34 billion, a P/E ratio of 20.55, a PEG ratio of 1.97 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 27th. Ralph Lauren’s payout ratio is 41.46%.

Several hedge funds have recently made changes to their positions in RL. Point72 Hong Kong Ltd acquired a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $150,000. Financial Architects Inc raised its stake in shares of Ralph Lauren by 498.6% during the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock worth $158,000 after buying an additional 1,042 shares during the period. Visionary Asset Management Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $203,000. Cadence Capital Management LLC acquired a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $203,000. Finally, Lourd Capital LLC acquired a new position in shares of Ralph Lauren during the 3rd quarter worth approximately $205,000. 69.95% of the stock is owned by institutional investors and hedge funds.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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

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