Media coverage about Ralph Lauren (NYSE:RL) has trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ralph Lauren earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 47.5276435047771 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
Ralph Lauren (RL) traded up $0.86 on Friday, reaching $104.38. The company had a trading volume of 771,664 shares, compared to its average volume of 1,140,000. Ralph Lauren has a 12-month low of $66.06 and a 12-month high of $105.52. The firm has a market capitalization of $8,480.00, a PE ratio of 108.73, a PEG ratio of 2.11 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm posted $1.90 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. equities analysts predict that Ralph Lauren will post 5.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 28th. Ralph Lauren’s dividend payout ratio is presently 208.33%.
Several brokerages have recently weighed in on RL. Tigress Financial restated a “hold” rating on shares of Ralph Lauren in a report on Thursday, September 28th. Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren in a report on Monday, October 16th. Morgan Stanley boosted their target price on Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Barclays began coverage on Ralph Lauren in a report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 target price on the stock. Finally, Cowen set a $97.00 target price on Ralph Lauren and gave the stock a “hold” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Ralph Lauren currently has an average rating of “Hold” and a consensus price target of $88.66.
In related news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 32.93% of the company’s stock.
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Ralph Lauren 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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