Ralph Lauren Corp (NYSE:RL) – Analysts at Piper Jaffray Companies upped their Q3 2019 earnings estimates for shares of Ralph Lauren in a research report issued to clients and investors on Wednesday, November 7th. Piper Jaffray Companies analyst E. Murphy now expects that the textile maker will post earnings per share of $2.18 for the quarter, up from their prior estimate of $2.10. Piper Jaffray Companies has a “Neutral” rating and a $125.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Ralph Lauren’s FY2019 earnings at $6.75 EPS, Q2 2020 earnings at $2.46 EPS, Q3 2020 earnings at $2.24 EPS, FY2020 earnings at $6.95 EPS, Q1 2021 earnings at $1.59 EPS and Q2 2021 earnings at $2.59 EPS.
A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $141.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Royal Bank of Canada set a $140.00 price target on shares of Ralph Lauren and gave the company a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Buckingham Research upped their price target on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Finally, Credit Suisse Group upped their price target on shares of Ralph Lauren from $153.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $137.38.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company earned $1.99 EPS. The firm’s revenue was up 1.6% on a year-over-year basis.
A number of large investors have recently bought and sold shares of RL. IFM Investors Pty Ltd raised its holdings in Ralph Lauren by 20.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 2,515 shares of the textile maker’s stock worth $346,000 after purchasing an additional 431 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Ralph Lauren by 1.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 45,059 shares of the textile maker’s stock worth $5,667,000 after purchasing an additional 506 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Ralph Lauren by 0.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 69,790 shares of the textile maker’s stock worth $9,600,000 after purchasing an additional 516 shares in the last quarter. Visionary Asset Management Inc. raised its holdings in Ralph Lauren by 36.9% in the 3rd quarter. Visionary Asset Management Inc. now owns 2,199 shares of the textile maker’s stock worth $304,000 after purchasing an additional 593 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Ralph Lauren by 32.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the textile maker’s stock worth $317,000 after purchasing an additional 614 shares in the last quarter. Institutional investors own 69.95% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. Ralph Lauren’s dividend payout ratio is currently 41.46%.
Ralph Lauren Company Profile
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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