Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ralph Lauren (NYSE:RL) Share Price
Media stories about Ralph Lauren (NYSE:RL) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ralph Lauren earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 47.5276435047771 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- MonarchFx Names Alexander Baker Vice President and General Manager (prweb.com)
- Barclays Increases Ralph Lauren (RL) Price Target to $103.00 (americanbankingnews.com)
- Positive Currency Rates To Aid Ralph Lauren’s Q3 Earnings (benzinga.com)
- Why Ralph Lauren Is Having a Tough Time (finance.yahoo.com)
- Will Ralph Lauren Struggle with Sales Growth in the Near Term? (finance.yahoo.com)
A number of equities analysts have recently weighed in on RL shares. TheStreet raised Ralph Lauren from a “c” rating to a “b-” rating in a report on Monday, November 6th. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, October 10th. Citigroup upped their target price on Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley upped their target price on Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.66.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Ralph Lauren’s revenue for the quarter was down 8.6% compared to the same quarter last year. research analysts anticipate that Ralph Lauren will post 5.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.71%. Ralph Lauren’s dividend payout ratio is 206.19%.
In related news, insider Valerie Hermann sold 2,400 shares of the 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 completion of the sale, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 32.93% of the stock is currently owned by company insiders.
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About Ralph Lauren
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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