Brokerages Anticipate Ralph Lauren Corp (NYSE:RL) Will Announce Quarterly Sales of $1.71 Billion

Analysts expect that Ralph Lauren Corp (NYSE:RL) will report sales of $1.71 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ralph Lauren’s earnings. The highest sales estimate is $1.72 billion and the lowest is $1.71 billion. Ralph Lauren posted sales of $1.73 billion during the same quarter last year, which indicates a negative year over year growth rate of 1.2%. The company is scheduled to announce its next earnings results on Tuesday, February 4th.

On average, analysts expect that Ralph Lauren will report full year sales of $6.37 billion for the current year, with estimates ranging from $6.35 billion to $6.37 billion. For the next year, analysts expect that the firm will post sales of $6.50 billion, with estimates ranging from $6.42 billion to $6.59 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Ralph Lauren.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.16. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.26 EPS.

RL has been the subject of several research analyst reports. Credit Suisse Group lowered their price target on Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Piper Jaffray Companies raised their price target on Ralph Lauren from $91.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Goldman Sachs Group restated a “sell” rating on shares of Ralph Lauren in a research report on Wednesday, July 31st. Bank of America lowered their price target on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Finally, Barclays initiated coverage on Ralph Lauren in a research report on Tuesday, November 12th. They set an “overweight” rating and a $130.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Ralph Lauren presently has a consensus rating of “Hold” and an average target price of $127.50.

In other news, CFO Jane Nielsen sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $113.84, for a total value of $1,138,400.00. Following the sale, the chief financial officer now directly owns 65,308 shares in the company, valued at $7,434,662.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Family L.L.C. Lauren sold 71,428 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $92.95, for a total value of $6,639,232.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 402,854 shares of company stock worth $39,756,662. Insiders own 34.26% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Securian Asset Management Inc raised its stake in Ralph Lauren by 2.1% in the second quarter. Securian Asset Management Inc now owns 5,354 shares of the textile maker’s stock valued at $608,000 after buying an additional 109 shares in the last quarter. Squar Milner Financial Services LLC raised its stake in Ralph Lauren by 11.6% in the third quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock valued at $135,000 after buying an additional 147 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Ralph Lauren by 40.3% in the second quarter. CSat Investment Advisory L.P. now owns 515 shares of the textile maker’s stock valued at $59,000 after buying an additional 148 shares in the last quarter. DNB Asset Management AS raised its stake in Ralph Lauren by 1.0% in the third quarter. DNB Asset Management AS now owns 16,620 shares of the textile maker’s stock valued at $1,587,000 after buying an additional 163 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its stake in Ralph Lauren by 0.4% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 48,420 shares of the textile maker’s stock valued at $4,623,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Ralph Lauren stock traded up $1.22 during mid-day trading on Thursday, hitting $112.61. The company’s stock had a trading volume of 656,266 shares, compared to its average volume of 1,300,928. The firm has a market capitalization of $8.31 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. Ralph Lauren has a 1 year low of $82.69 and a 1 year high of $133.63. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $97.82 and its two-hundred day moving average is $104.11.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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