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Why Ralph Lauren (RL) Outpaced the Stock Market Today
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Ralph Lauren (RL - Free Report) closed the most recent trading day at $403.98, moving +2.72% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Coming into today, shares of the upscale clothing company had gained 17.74% in the past month. In that same time, the Consumer Discretionary sector gained 1.82%, while the S&P 500 lost 0.23%.
The upcoming earnings release of Ralph Lauren will be of great interest to investors. It is anticipated that the company will report an EPS of $4.26, marking a 13% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.86 billion, up 8.25% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.33 per share and a revenue of $8.62 billion, indicating changes of +10.49% and +6.28%, respectively, from the former year.
Any recent changes to analyst estimates for Ralph Lauren should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.57% higher. Ralph Lauren is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Ralph Lauren is currently being traded at a Forward P/E ratio of 21.45. This signifies a premium in comparison to the average Forward P/E of 16 for its industry.
It's also important to note that RL currently trades at a PEG ratio of 1.95. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 2.08.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why Ralph Lauren (RL) Outpaced the Stock Market Today
Ralph Lauren (RL - Free Report) closed the most recent trading day at $403.98, moving +2.72% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Coming into today, shares of the upscale clothing company had gained 17.74% in the past month. In that same time, the Consumer Discretionary sector gained 1.82%, while the S&P 500 lost 0.23%.
The upcoming earnings release of Ralph Lauren will be of great interest to investors. It is anticipated that the company will report an EPS of $4.26, marking a 13% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.86 billion, up 8.25% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.33 per share and a revenue of $8.62 billion, indicating changes of +10.49% and +6.28%, respectively, from the former year.
Any recent changes to analyst estimates for Ralph Lauren should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.57% higher. Ralph Lauren is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Ralph Lauren is currently being traded at a Forward P/E ratio of 21.45. This signifies a premium in comparison to the average Forward P/E of 16 for its industry.
It's also important to note that RL currently trades at a PEG ratio of 1.95. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 2.08.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.