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. It sells apparel and accessories under the Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, and Chaps brands; women's fragrances under the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, and Ralph Collection brand names; and men's fragrances under the Polo Blue, Ralph's Club, Safari, Purple Label, Polo Red, Polo Green, Polo Black, Polo Sport, and Big Pony Men's brand names. The company's restaurant collection includes The Polo Bar in New York City; RL Restaurant in Chicago; Ralph's in Paris; The Bar at Ralph Lauren located in Milan; and Ralph's Coffee concept. It sells its products to department stores, specialty stores, and golf and pro shops, as well as directly to consumers through its retail stores, concession-based shop-within-shops, and its digital commerce sites. The company directly operates 504 retail stores and 684 concession-based shop-within-shops; and operates 175 Ralph Lauren stores, 329 factory stores, and 148 stores and shops through licensing partners. Ralph Lauren Corporation was founded in 1967 and is headquartered in New York, New York.
Ralph Lauren Stock Down 0.3 %
Shares of NYSE:RL traded down $0.28 during midday trading on Friday, hitting $98.84. 680,388 shares of the company's stock were exchanged, compared to its average volume of 903,055. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.05 and a quick ratio of 1.44. Ralph Lauren has a twelve month low of $86.54 and a twelve month high of $135.99. The company has a market cap of $6.93 billion, a PE ratio of 13.06, a P/E/G ratio of 4.16 and a beta of 1.37. The firm's fifty day simple moving average is $95.39 and its 200-day simple moving average is $105.64.
Ralph Lauren (NYSE:RL - Get Rating) last issued its earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.19. Ralph Lauren had a return on equity of 22.33% and a net margin of 8.82%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.38 EPS. The business's quarterly revenue was up 18.7% on a year-over-year basis. Research analysts predict that Ralph Lauren will post 7.89 EPS for the current fiscal year.
Ralph Lauren Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.75 per share. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $3.00 annualized dividend and a yield of 3.04%. Ralph Lauren's payout ratio is 39.63%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Telsey Advisory Group lowered their price target on Ralph Lauren from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 25th. The Goldman Sachs Group lowered their price target on Ralph Lauren from $85.00 to $78.00 and set a "sell" rating for the company in a report on Thursday, July 21st. UBS Group lowered their price target on Ralph Lauren from $162.00 to $129.00 in a report on Friday, July 15th. Credit Suisse Group lowered their target price on Ralph Lauren from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, August 5th. Finally, Wells Fargo & Company lowered their target price on Ralph Lauren to $95.00 in a report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $121.77.