Currently, there are 41.40M common shares owned by the public and among those 38.65M shares have been available to trade.
The company’s stock has a 5-day price change of -1.90% and -8.36% over the past three months. RL shares are trading 18.77% year to date (YTD), with the 12-month market performance up to 47.40% higher. It has a 12-month low price of $108.60 and touched a high of $192.03 over the same period. RL has an average intraday trading volume of 832.96K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.45%, 0.46%, and 4.99% respectively.
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Institutional ownership of Ralph Lauren Corp (NYSE: RL) shares accounts for 70.56% of the company’s 41.40M shares outstanding.
It has a market capitalization of $10.61B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 16.51, while the earnings-per-share (ttm) stands at $10.37. The company has a PEG of 1.58 and a Quick Ratio of 1.53 with the debt-to-equity ratio at 1.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.21% over the week and 2.90% over the month.
Analysts forecast that Ralph Lauren Corp (RL) will achieve an EPS of 2.34 for the current quarter, 4.21 for the next quarter and 12.62 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.18 while analysts give the company a high EPS estimate of 2.18. Comparatively, EPS for the current quarter was 2.1 a year ago. Earnings per share for the fiscal year are expected to increase by 9.61%, and 11.22% over the next financial year. EPS should shrink at an annualized rate of 10.45% over the next five years, compared to 13.00% over the past 5-year period.
Looking at the support for the RL, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on April 30, 2024, with the firm’s price target at $195. Telsey Advisory Group coverage for the Ralph Lauren Corp (RL) stock in a research note released on February 09, 2024 offered a Outperform rating with a price target of $195. Goldman was of a view on December 12, 2023 that the stock is Neutral, while Evercore ISI gave the stock Outperform rating on November 07, 2023, issuing a price target of $130. Raymond James on their part issued Outperform rating on September 22, 2023.
