Wall Street analysts expect Ralph Lauren Co. (NYSE:RL) to post sales of $1.49 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ralph Lauren’s earnings. The lowest sales estimate is $1.49 billion and the highest is $1.50 billion. Ralph Lauren reported sales of $1.57 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.1%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, May 23rd.

On average, analysts expect that Ralph Lauren will report full year sales of $6.15 billion for the current year, with estimates ranging from $6.14 billion to $6.15 billion. For the next financial year, analysts anticipate that the business will report sales of $6.16 billion per share, with estimates ranging from $6.13 billion to $6.20 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Ralph Lauren.

RL has been the topic of a number of research analyst reports. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen upgraded Ralph Lauren from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $119.33 to $66.06 in a report on Thursday, March 22nd. Zacks Investment Research downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Credit Suisse Group started coverage on Ralph Lauren in a research note on Monday, March 12th. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, Bank of America boosted their target price on Ralph Lauren from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $99.00.

Shares of Ralph Lauren opened at $112.17 on Thursday, MarketBeat Ratings reports. Ralph Lauren has a 1-year low of $111.45 and a 1-year high of $113.59. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8.98 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.63.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. boosted its stake in shares of Ralph Lauren by 1.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,158,300 shares of the textile maker’s stock worth $241,298,000 after acquiring an additional 37,800 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ralph Lauren by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,790,800 shares of the textile maker’s stock worth $185,688,000 after acquiring an additional 893,796 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ralph Lauren by 149.3% during the 4th quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock worth $96,829,000 after acquiring an additional 559,273 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Ralph Lauren by 2.9% during the 1st quarter. Northern Trust Corp now owns 718,092 shares of the textile maker’s stock worth $80,282,000 after acquiring an additional 19,909 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ralph Lauren by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 658,142 shares of the textile maker’s stock worth $68,114,000 after acquiring an additional 54,371 shares in the last quarter. Institutional investors own 73.37% of the company’s stock.

About Ralph Lauren

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

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