Company Update (NYSE:RL): Ralph Lauren’s quarterly sales fall 4.3 pct

[Reuters] – Luxury fashion retailer Ralph Lauren Corp reported a 4.3 percent decline in quarterly sales, hurt by unusually warm weather in North America, lower tourist traffic and a strong dollar. The company’s shares … Read more on this. Ralph Lauren Corporation (RL) , currently valued at $8.05B, began trading this morning at $103.30. Looking at today’s market, RL one day range is $94.00 to $103.43 and has traded between $94.00 and $143.20 over the past 12 months. Ralph Lauren (RL) shares are currently priced at 16.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 18.00x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.00 per share annually in dividends, yielding 1.78%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $2.13 per share, which would be $0.28 worse than the year-ago quarter and a $0.10 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.89 would be a $0.99 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.03 Billion. If reported, that would be a 0.00% decrease over the year-ago quarter. More recently, Standpoint Research Initiated RL at Buy (Jan 20, 2016). Previously, Susquehanna Initiated RL at to Positive. When considering if perhaps the stock is under or overvalued, the average price target is $133.89, which is 29.61% above where the stock opened this morning. See more in (NYSE:RL) Similar Articles: Company Update: Ralph Lauren Corporation (NYSE:RL) – Ralph Lauren Names Stefan Larsson CEO; Will Continue to Lead Company as Executive Chairman and Chief Creative Officer Company Update (NYSE:RL): Ralph Lauren Launches PoloTech Smartshirt with Groundbreaking Adaptive Workout App Company Update: Ralph Lauren Corporation (NYSE:RL) – Ralph Lauren Reports Better-Than-Expected First Quarter Fiscal 2016 Results