Ralph Lauren Corporation (RL) Stock Price Up 13.3% Following Earnings Beat

Ralph Lauren

Ralph Lauren's decision to sell more items at full price discouraged shoppers in the first quarter

Ralph Lauren Corporation's dividend payout ratio is -163.93%.

Ralph Lauren Corporation (RL) stock exposed a turn of 15.28% in most recent week and accomplished 21.32% performance over the last one month. Pacad Investment Ltd. augmented its stake by buying 4,600 shares an increase of 219.0% in the quarter. The Bridgecreek Investment Management Llc holds 3,550 shares with $228,000 value, down from 33,800 last quarter. Finally, International Value Advisers LLC purchased a new position in shares of Ralph Lauren Corporation during the first quarter worth $82,868,000. Gateway Investment Advisers LLC increased its position in Ralph Lauren Corporation by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker's stock worth $139,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. boosted its position in shares of Ralph Lauren Corporation by 97.0% in the first quarter. BlackRock Inc. now owns 4,583,697 shares of the textile maker's stock valued at $374,123,000 after buying an additional 4,462,396 shares during the last quarter. Investment Advisors LP increased its position in Ralph Lauren Corporation by 31.1% in the first quarter. Ralph Lauren Corporation also announced a dividend paid on Friday the 14th of July 2017. The vehicle rental company posted revenue of $2.22 billion in the period. The company's 50 day moving average is $72.80 and its 200-day moving average is $77.30. With 2.04 million avg volume, 3 days are for Ralph Lauren Corporation (NYSE:RL)'s short sellers to cover RL's short positions.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. As of the end of the quarter Mitsubishi Ufj Trust & Banking Corp had sold a total of 1,014 shares trimming its holdings by 0.9%. Its revenue totaled $1.56 billion down -9.14% from the previous quarter. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company presently has a consensus rating of "Hold" and an average price target of $90.49. Shareholders of record on Friday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, June 28th.

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Several brokerages recently issued reports on RL. Bank of America Corporation's price objective indicates a potential downside of 8.10% from the stock's current price.

FT reports, The 16 analysts offering 12 month price targets for Ralph Lauren Corp have a median target of 75.00, with a high estimate of 80.00 and a low estimate of 66.00. 1 and 2 is equivalent to a buy rating, 3 a hold rating, and 4 and 5 a sell rating.

On July 17, 2017 Buckingham started covering RL with an initial rating of "Neutral" and price target of $68.00.

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. "We are looking at these 3 buckets: Our own sites, our wholesale.com and pure plays", Louvet said on a post-earnings call, adding that the company is actively looking to partner with the right online pure-play retailers.

Both designers reported sales declines - but they were smaller than the drop-offs recently experienced as each cut back on discounts, managed inventory better and continued a retreat from department stores.

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