Wall Street brokerages expect Ralph Lauren Corp (NYSE:RL) to announce sales of $1.66 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Ralph Lauren’s earnings, with the lowest sales estimate coming in at $1.65 billion and the highest estimate coming in at $1.67 billion. Ralph Lauren reported sales of $1.64 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The firm is scheduled to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that Ralph Lauren will report full-year sales of $6.21 billion for the current financial year, with estimates ranging from $6.19 billion to $6.22 billion. For the next fiscal year, analysts forecast that the business will report sales of $6.30 billion, with estimates ranging from $6.15 billion to $6.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Ralph Lauren.

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

A number of research firms have recently weighed in on RL. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $141.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, August 15th. Buckingham Research increased their target price on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research report on Friday, August 3rd. Credit Suisse Group increased their target price on shares of Ralph Lauren from $153.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Finally, Barclays increased their target price on shares of Ralph Lauren from $114.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $137.38.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at $150,000. Financial Architects Inc grew its holdings in Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock worth $158,000 after acquiring an additional 1,042 shares during the last quarter. Visionary Asset Management Inc. bought a new stake in Ralph Lauren in the 2nd quarter worth $203,000. Cadence Capital Management LLC bought a new stake in Ralph Lauren in the 2nd quarter worth $203,000. Finally, Lourd Capital LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 70.08% of the company’s stock.

RL stock traded down $2.68 during trading on Tuesday, reaching $117.14. The stock had a trading volume of 53,317 shares, compared to its average volume of 1,608,485. Ralph Lauren has a one year low of $85.91 and a one year high of $147.79. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98.

Ralph Lauren Company Profile

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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