Ralph Lauren Corp (RL) Releases Earnings Results, Beats Expectations By $0.05 EPS

Ralph Lauren Corp (RL) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.83. The company posted revenue of $1871.00 million in the period, compared to analysts expectations of $1856.46 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Ralph Lauren Corp. Shares were Reiterated by UBS on May 11, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $118 .Miller Tabak Initiated Ralph Lauren Corp on Apr 8, 2016 to “Buy”, Price Target of the shares are set at $115.Ralph Lauren Corp was Resumed by Wells Fargo to “Market Perform” on Mar 31, 2016.

Ralph Lauren Corp closed down -0.95 points or -1.05% at $89.35 with 14,92,060 shares getting traded on Tuesday. Post opening the session at $87.39, the shares hit an intraday low of $87.39 and an intraday high of $90.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Mar 7, 2016, Arnold H Aronson (director) sold 2,389 shares at $96.75 per share price. According to the SEC, on Nov 9, 2015, Christopher H Peterson (President, Global Brands) sold 3,016 shares at $136.38 per share price. On Nov 9, 2015, Jackwyn Nemerov (President & COO) sold 44,773 shares at $134.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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 in three segments: Wholesale Retail and Licensing. Wholesale business representing approximately 46% of net revenues as of fiscal year ended March 28 2015 (Fiscal 2015) consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel which includes Company’s retail stores concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products such as certain apparel eyewear and fragrances.

Ralph Lauren Corp

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