Ralph Lauren (RL) Set to Announce Quarterly Earnings on Thursday

Ralph Lauren (NYSE:RL - Get Free Report) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Ralph Lauren to post earnings of $2.39 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. On average, analysts expect Ralph Lauren to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Ralph Lauren Trading Down 1.9 %

Shares of RL stock traded down $3.76 during trading on Thursday, hitting $197.93. 626,800 shares of the stock traded hands, compared to its average volume of 863,943. Ralph Lauren has a 52-week low of $109.94 and a 52-week high of $207.06. The firm has a market capitalization of $12.26 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. The firm's fifty day moving average price is $187.86 and its 200-day moving average price is $177.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio is presently 31.82%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Wells Fargo & Company boosted their target price on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Guggenheim raised their price target on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.36.

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; 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.