Ralph Lauren (NYSE:RL) Releases Earnings Results, Beats Expectations By $0.25 EPS

Ralph Lauren (NYSE:RL – Get Rating) released its quarterly earnings data on Thursday. The textile maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.25, Briefing.com reports. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Ralph Lauren’s revenue for the quarter was up .9% on a year-over-year basis.

Ralph Lauren Stock Performance

Shares of RL opened at $114.25 on Thursday. The company has a market cap of $7.54 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39. The firm has a 50-day moving average of $113.59 and a 200-day moving average of $113.26. Ralph Lauren has a one year low of $82.23 and a one year high of $128.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.37.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, March 30th. Ralph Lauren’s dividend payout ratio is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RL shares. StockNews.com started coverage on shares of Ralph Lauren in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. UBS Group reduced their target price on shares of Ralph Lauren from $157.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Cowen lifted their price target on Ralph Lauren from $148.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Credit Suisse Group upped their price objective on Ralph Lauren from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Ralph Lauren from $97.00 to $114.00 and gave the company a “hold” rating in a research report on Monday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.57.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in shares of Ralph Lauren during the 1st quarter worth approximately $240,000. HRT Financial LP bought a new position in Ralph Lauren during the first quarter worth $239,000. PNC Financial Services Group Inc. increased its holdings in shares of Ralph Lauren by 22.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,048 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 379 shares during the last quarter. LPL Financial LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at about $231,000. Finally, Delphia USA Inc. bought a new stake in shares of Ralph Lauren during the 1st quarter worth about $217,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.