News headlines about Ralph Lauren Corporation (NYSE:RL) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ralph Lauren Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.2856474844195 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Brokerages Anticipate Ralph Lauren Corporation (RL) Will Announce Earnings of $1.90 Per Share (americanbankingnews.com)
- Ralph Lauren Corporation (RL) & Under Armour (UAA) Critical Survey (americanbankingnews.com)
- Ralph Lauren Corporation (RL) stock gained 19.46% return Quarterly – Street Observer (press release) (streetobserver.com)
- Ralph Lauren Corp. – Value Analysis (NYSE:RL) : October 13, 2017 (finance.yahoo.com)
- Ralph Lauren shares slide 2% as Miller Tabak downgrades to sell – MarketWatch (marketwatch.com)
A number of research analysts recently issued reports on RL shares. Cowen and Company reaffirmed a “hold” rating and set a $80.00 target price (up from $78.00) on shares of Ralph Lauren Corporation in a report on Tuesday, July 18th. Credit Suisse Group upgraded Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 price target for the company in a research report on Friday, September 8th. BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Piper Jaffray Companies reiterated a “sell” rating and issued a $66.00 price target on shares of Ralph Lauren Corporation in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $75.00 price target on shares of Ralph Lauren Corporation in a research report on Friday, July 7th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $87.37.
Shares of Ralph Lauren Corporation (RL) opened at 85.33 on Thursday. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00. The firm’s market capitalization is $6.93 billion. The firm’s 50-day moving average price is $88.63 and its 200-day moving average price is $79.47.
Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The company’s revenue was down 13.2% on a year-over-year basis. On average, equities analysts anticipate that Ralph Lauren Corporation will post $5.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. Ralph Lauren Corporation’s payout ratio is -869.57%.
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Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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