Ralph Lauren (NYSE:RL) Announces Earnings Results

Ralph Lauren (NYSE:RLGet Free Report) announced its quarterly earnings results on Thursday. The textile maker reported $4.17 EPS for the quarter, topping the consensus estimate of $3.53 by $0.64, Briefing.com reports. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 earnings per share. Ralph Lauren updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Ralph Lauren Trading Up 1.8 %

NYSE:RL opened at $175.01 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $142.80 and its two-hundred day moving average is $126.79. Ralph Lauren has a 52 week low of $103.17 and a 52 week high of $175.40. The company has a market cap of $11.31 billion, a PE ratio of 19.84, a P/E/G ratio of 1.26 and a beta of 1.48.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, December 28th. Ralph Lauren’s dividend payout ratio is presently 34.01%.

Analysts Set New Price Targets

Several brokerages have commented on RL. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price target (up from $165.00) on shares of Ralph Lauren in a research note on Thursday. TD Cowen increased their price target on Ralph Lauren from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, November 28th. Evercore ISI began coverage on Ralph Lauren in a report on Tuesday, November 7th. They issued an “outperform” rating and a $130.00 price target for the company. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group increased their price target on Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Get Our Latest Analysis on Ralph Lauren

Institutional Trading of Ralph Lauren

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Ralph Lauren by 22.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,048 shares of the textile maker’s stock worth $233,000 after purchasing an additional 379 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $231,000. Delphia USA Inc. bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $217,000. Lido Advisors LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $216,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $212,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

(Get Free Report)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

Further Reading

Earnings History for Ralph Lauren (NYSE:RL)

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