Posted by admin on Aug 12th, 2022

Ralph Lauren Co. (NYSE:RL – Get Rating) – Equities research analysts at Telsey Advisory Group cut their FY2023 earnings per share estimates for shares of Ralph Lauren in a report released on Wednesday, August 10th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $7.90 per share for the year, down from their prior forecast of $8.17. Telsey Advisory Group has a “Outperform” rating and a $140.00 price target on the stock. The consensus estimate for Ralph Lauren’s current full-year earnings is $8.12 per share. Telsey Advisory Group also issued estimates for Ralph Lauren’s Q1 2024 earnings at $2.26 EPS, Q2 2024 earnings at $2.31 EPS, Q3 2024 earnings at $3.58 EPS, Q4 2024 earnings at $1.01 EPS and FY2024 earnings at $9.16 EPS.

Ralph Lauren (NYSE:RL – Get Rating) last issued its quarterly earnings data on Tuesday, May 24th. The textile maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.19. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Ralph Lauren had a return on equity of 22.33% and a net margin of 8.82%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS.

Several other research analysts have also recently issued reports on RL. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group decreased their price target on Ralph Lauren from $85.00 to $78.00 and set a “sell” rating for the company in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Ralph Lauren from $101.00 to $99.00 and set a “hold” rating for the company in a research note on Monday, August 1st. Credit Suisse Group decreased their price target on Ralph Lauren from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Finally, Barclays increased their price target on Ralph Lauren from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Hold” and an average price target of $121.77.

Shares of RL opened at $99.12 on Thursday. Ralph Lauren has a 12 month low of $86.54 and a 12 month high of $135.99. The company has a market cap of $6.95 billion, a P/E ratio of 13.09, a PEG ratio of 3.96 and a beta of 1.37. The stock has a fifty day moving average price of $95.52 and a 200 day moving average price of $105.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.05 and a quick ratio of 1.44.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.03%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.69. The ex-dividend date was Thursday, June 30th. Ralph Lauren’s dividend payout ratio is currently 39.63%.

Several hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in Ralph Lauren by 127.7% in the 1st quarter. CWM LLC now owns 230 shares of the textile maker’s stock worth $26,000 after acquiring an additional 129 shares in the last quarter. US Asset Management LLC purchased a new stake in Ralph Lauren in the 1st quarter worth about $35,000. Daiwa Securities Group Inc. lifted its stake in Ralph Lauren by 38.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker’s stock worth $54,000 after acquiring an additional 125 shares in the last quarter. Covestor Ltd purchased a new stake in Ralph Lauren in the 4th quarter worth about $57,000. Finally, IndexIQ Advisors LLC purchased a new stake in Ralph Lauren in the 4th quarter worth about $84,000. 99.89% of the stock is owned by hedge funds and other institutional investors.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

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