Wall Street brokerages forecast that Ralph Lauren Corporation (NYSE:RL) will post earnings per share of $1.65 for the current quarter, Zacks reports. Two analysts have issued estimates for Ralph Lauren Corporation’s earnings, with estimates ranging from $1.35 to $1.85. Ralph Lauren Corporation posted earnings of $1.86 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.3%. The firm is expected to report its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Ralph Lauren Corporation will report full year earnings of $5.44 per share for the current fiscal year, with EPS estimates ranging from $5.33 to $5.80. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.33 per share, with EPS estimates ranging from $4.62 to $5.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Ralph Lauren Corporation.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year.

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Ralph Lauren Corporation from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Jaffray Companies reiterated a “sell” rating and set a $81.00 price target on shares of Ralph Lauren Corporation in a research report on Thursday, August 10th. Cowen and Company set a $97.00 price target on Ralph Lauren Corporation and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Atlantic Securities upgraded Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $93.00 in a research report on Wednesday, August 9th. Finally, Barclays PLC boosted their price target on Ralph Lauren Corporation from $84.00 to $87.00 and gave the stock an “underweight” rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.77.

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Ralph Lauren Corporation (NYSE RL) traded down $2.64 during trading hours on Monday, reaching $88.03. The company had a trading volume of 2,247,833 shares, compared to its average volume of 1,450,000. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. Ralph Lauren Corporation has a twelve month low of $66.06 and a twelve month high of $114.00. The firm has a market cap of $7,370.00, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.11 and a beta of 0.63.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 28th. Ralph Lauren Corporation’s payout ratio is 208.33%.

In related news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.93% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Ralph Lauren Corporation by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after purchasing an additional 2,186,269 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Ralph Lauren Corporation by 26.7% during the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after acquiring an additional 1,225,845 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ralph Lauren Corporation by 10.8% during the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after acquiring an additional 139,110 shares in the last quarter. Global Thematic Partners LLC boosted its stake in shares of Ralph Lauren Corporation by 13.3% during the 2nd quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after acquiring an additional 79,864 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ralph Lauren Corporation by 45.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock worth $45,630,000 after acquiring an additional 194,350 shares in the last quarter. Hedge funds and other institutional investors own 62.43% of the company’s stock.

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.

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