Ralph Lauren Corporation (RL) Posts Earnings Results, Beats Estimates By $0.09 EPS
Ralph Lauren Corporation (NYSE:RL) released its quarterly earnings data on Thursday. The textile maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09, Bloomberg Earnings reports. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 28th. Ralph Lauren Corporation’s dividend payout ratio is -869.57%.
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A number of research firms have recently commented on RL. Piper Jaffray Companies reaffirmed a “sell” rating and set a $81.00 price objective on shares of Ralph Lauren Corporation in a report on Thursday, August 10th. Cowen and Company set a $97.00 price target on shares of Ralph Lauren Corporation and gave the company a “hold” rating in a report on Wednesday. Atlantic Securities raised shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $93.00 in a report on Wednesday, August 9th. UBS AG reissued a “positive” rating and set a $90.00 price target (up from $73.00) on shares of Ralph Lauren Corporation in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $88.00 price target on shares of Ralph Lauren Corporation and gave the company a “hold” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Ralph Lauren Corporation has a consensus rating of “Hold” and an average price target of $87.87.
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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