Equities analysts predict that Ralph Lauren Corp (NYSE:RL) will report earnings per share (EPS) of $1.67 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ralph Lauren’s earnings. The lowest EPS estimate is $1.63 and the highest is $1.70. Ralph Lauren reported earnings per share of $1.54 during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is scheduled to announce its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Ralph Lauren will report full-year earnings of $7.74 per share for the current financial year, with EPS estimates ranging from $7.61 to $7.86. For the next fiscal year, analysts anticipate that the firm will post earnings of $8.60 per share, with EPS estimates ranging from $8.20 to $8.94. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ralph Lauren.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.14. Ralph Lauren had a net margin of 6.83% and a return on equity of 17.38%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $0.90 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.

RL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research note on Thursday, February 7th. Needham & Company LLC upped their target price on shares of Ralph Lauren from $122.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Deutsche Bank dropped their target price on shares of Ralph Lauren from $160.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday. TheStreet downgraded shares of Ralph Lauren from a “b” rating to a “c+” rating in a research note on Tuesday. Finally, Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $137.47.

Ralph Lauren stock opened at $114.75 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 3.00. Ralph Lauren has a 1-year low of $95.63 and a 1-year high of $147.79. The stock has a market capitalization of $9.09 billion, a P/E ratio of 15.96, a PEG ratio of 1.47 and a beta of 0.69.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.6875 per share. The ex-dividend date is Thursday, June 27th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.40%. Ralph Lauren’s dividend payout ratio (DPR) is currently 34.77%.

In other news, Director Joyce F. Brown sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $126.00, for a total transaction of $252,000.00. Following the transaction, the director now directly owns 7,278 shares in the company, valued at $917,028. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.49% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in RL. Oregon Public Employees Retirement Fund boosted its stake in Ralph Lauren by 11,845.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 2,703,760 shares in the last quarter. Norges Bank acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $72,636,000. Marshall Wace LLP boosted its stake in Ralph Lauren by 291.9% in the first quarter. Marshall Wace LLP now owns 735,437 shares of the textile maker’s stock valued at $95,371,000 after acquiring an additional 547,787 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in Ralph Lauren by 181.1% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 826,620 shares of the textile maker’s stock valued at $85,522,000 after acquiring an additional 532,519 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Ralph Lauren by 9.7% in the first quarter. Renaissance Technologies LLC now owns 3,934,994 shares of the textile maker’s stock valued at $510,290,000 after acquiring an additional 348,794 shares in the last quarter. Institutional investors own 65.84% 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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