Ralph Lauren (RL) to Release Earnings on Thursday

Ralph Lauren (NYSE:RL) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts expect Ralph Lauren to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Ralph Lauren Stock Up 1.1 %

Shares of Ralph Lauren stock opened at $199.89 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 52-week low of $111.94 and a 52-week high of $207.06. The company has a market capitalization of $12.38 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.61 and a beta of 1.49. The company has a 50 day moving average of $189.48 and a 200 day moving average of $178.01.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.65%. Ralph Lauren’s payout ratio is currently 31.82%.

Analyst Ratings Changes

Several research analysts have recently issued reports on RL shares. Barclays upped their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. TD Cowen boosted their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.36.

Ralph Lauren Company Profile

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; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.