Ralph Lauren (NYSE:RL) Releases Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Ralph Lauren (NYSE:RL) issued its quarterly earnings results on Thursday. The textile maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.52 by $0.28, FiscalAI reports. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion.

Ralph Lauren Stock Performance

RL stock opened at $330.71 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren has a 1-year low of $258.13 and a 1-year high of $393.41. The business’s 50-day moving average price is $352.65 and its two-hundred day moving average price is $354.72. The firm has a market cap of $20.02 billion, a PE ratio of 22.51, a P/E/G ratio of 1.12 and a beta of 1.37.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.9125 per share. The ex-dividend date was Friday, March 27th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 24.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Ralph Lauren by 14.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock valued at $90,000 after buying an additional 31 shares in the last quarter. Polymer Capital Management US LLC lifted its stake in Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after buying an additional 34 shares in the last quarter. Vident Advisory LLC lifted its stake in Ralph Lauren by 3.0% in the fourth quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock valued at $445,000 after buying an additional 37 shares in the last quarter. Utah Retirement Systems lifted its stake in Ralph Lauren by 0.7% in the fourth quarter. Utah Retirement Systems now owns 6,270 shares of the textile maker’s stock valued at $2,217,000 after buying an additional 45 shares in the last quarter. Finally, Zions Bancorporation National Association UT lifted its stake in Ralph Lauren by 61.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 129 shares of the textile maker’s stock valued at $46,000 after buying an additional 49 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RL shares. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a report on Monday. BTIG Research upped their target price on shares of Ralph Lauren from $435.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, May 8th. UBS Group upped their target price on shares of Ralph Lauren from $477.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Evercore set a $420.00 target price on shares of Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $403.44.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.