Brokerages forecast that Ralph Lauren Corp (NYSE:RL) will report sales of $1.66 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ralph Lauren’s earnings, with the highest sales estimate coming in at $1.67 billion and the lowest estimate coming in at $1.65 billion. Ralph Lauren reported sales of $1.64 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The business is scheduled to report its next earnings results on Thursday, February 7th.

According to Zacks, 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 year, analysts expect that the business will report sales of $6.30 billion, with estimates ranging from $6.15 billion to $6.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ralph Lauren.

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

A number of equities analysts have recently issued reports on RL shares. JPMorgan Chase & Co. increased their target price on Ralph Lauren from $141.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Buckingham Research increased their target price on Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Piper Jaffray Companies upgraded Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 price target on the stock in a report on Thursday, September 20th. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Thursday, October 4th. Finally, Deutsche Bank assumed coverage on Ralph Lauren in a report on Monday, October 29th. They issued a “buy” rating and a $149.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and a consensus price target of $136.69.

Shares of RL stock opened at $109.87 on Thursday. The company has a market cap of $8.96 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63. Ralph Lauren has a 12-month low of $95.00 and a 12-month high of $147.79. The company has a quick ratio of 2.17, a current ratio of 2.98 and a debt-to-equity ratio of 0.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Ralph Lauren by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,708,738 shares of the textile maker’s stock valued at $922,788,000 after buying an additional 137,325 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ralph Lauren by 654,966.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,668,372 shares of the textile maker’s stock valued at $504,586,000 after buying an additional 3,667,812 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock valued at $360,125,000 after buying an additional 912,403 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ralph Lauren by 89.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,994,405 shares of the textile maker’s stock valued at $274,330,000 after buying an additional 944,121 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Ralph Lauren by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,930,528 shares of the textile maker’s stock valued at $265,544,000 after buying an additional 106,003 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

About Ralph Lauren

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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