Wall Street brokerages expect Ralph Lauren Co. (NYSE:RL) to report sales of $1.20 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ralph Lauren’s earnings, with the lowest sales estimate coming in at $1.20 billion and the highest estimate coming in at $1.21 billion. Ralph Lauren posted sales of $1.27 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 26th.
On average, analysts expect that Ralph Lauren will report full-year sales of $4.32 billion for the current fiscal year, with estimates ranging from $4.31 billion to $4.32 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.59 billion, with estimates ranging from $5.47 billion to $5.74 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Ralph Lauren.
Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, February 3rd. The textile maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.04. Ralph Lauren had a positive return on equity of 5.14% and a negative net margin of 1.74%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $2.86 EPS. Ralph Lauren’s revenue was down 18.2% on a year-over-year basis.
Shares of NYSE RL opened at $122.20 on Friday. Ralph Lauren has a 12-month low of $59.82 and a 12-month high of $125.65. The firm’s 50-day simple moving average is $110.79 and its 200 day simple moving average is $89.73. The company has a quick ratio of 1.94, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.94 billion, a price-to-earnings ratio of -97.76, a price-to-earnings-growth ratio of 10.41 and a beta of 1.45.
In other Ralph Lauren news, CEO Patrice Louvet sold 87,069 shares of the stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $107.86, for a total value of $9,391,262.34. Following the transaction, the chief executive officer now directly owns 323,258 shares of the company’s stock, valued at approximately $34,866,607.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Howard Smith sold 12,327 shares of the firm’s stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $100.00, for a total transaction of $1,232,700.00. Following the sale, the executive vice president now owns 87,194 shares of the company’s stock, valued at $8,719,400. The disclosure for this sale can be found here. Insiders have sold a total of 138,182 shares of company stock valued at $15,133,167 over the last quarter. 35.28% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in RL. Exchange Traded Concepts LLC bought a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $41,000. Fifth Third Bancorp lifted its position in shares of Ralph Lauren by 117.9% during the 3rd quarter. Fifth Third Bancorp now owns 488 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 264 shares during the period. Infini Master Fund acquired a new stake in shares of Ralph Lauren during the 4th quarter worth $58,000. Federated Hermes Inc. increased its position in shares of Ralph Lauren by 817.5% in the fourth quarter. Federated Hermes Inc. now owns 578 shares of the textile maker’s stock worth $60,000 after purchasing an additional 515 shares during the period. Finally, Vantage Consulting Group Inc acquired a new position in Ralph Lauren in the fourth quarter valued at about $97,000. 65.35% of the stock is currently owned by institutional investors.
About Ralph Lauren
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 accessories, which comprise sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, as well as 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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