|Bid||63.01 x 1800|
|Ask||68.99 x 800|
|Day's Range||63.57 - 68.80|
|52 Week Range||62.01 - 133.63|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||7.78|
|Earnings Date||May 11, 2020 - May 17, 2020|
|Forward Dividend & Yield||2.75 (4.17%)|
|Ex-Dividend Date||Mar 25, 2020|
|1y Target Est||109.38|
Ron Johnson, who is the former CEO of J.C. Penney and architect of Apple's retail stores, gives his take on the future of department stores during coronavirus.
Moody's Investors Service ("Moody's") today affirmed Ralph Lauren Corporation's ("Ralph Lauren") ratings, including its A2 senior unsecured ratings and its P-1 short term commercial paper rating. Widespread temporary store closures and the potential for prolonged weakness in consumer demand will pressure Ralph Lauren's earnings and credit metrics over the near-to-intermediate term.
The U.S. continued to lead the world in number of cases of COVID-19 on Tuesday, as state governors continued to complain about inadequate testing and predict that the worst is yet to come.
Retailers are at risk of running out of cash if the coronavirus pandemic keeps stores shuttered for longer than expected and consumers, spooked by carnage in the stock market, cut back on purchases, analysts said Wednesday.
Ralph Lauren Inc. said Tuesday that it is working with its manufacturing partners to produce 250,000 protective masks and 25,000 isolation gowns to donate. Other efforts to help during the coronavirus outbreak include a contribution to the Health Organization Covid-19 Solidarity Response Fund made through the Ralph Lauren Corporate Foundation. The luxury lifestyle company also provided a financial update, that includes drawing down $475 million from its global credit facility. Ralph Lauren has $1.9 billion in cash and long- and short-term investments. It has halted share repurchases after completing its buyback program for fiscal 2020. And it is managing its expenses, pausing projects, reducing capital expenditures and reviewing real estate projects. The company will restart distribution center operations on April 1 following a deep cleaning. Normal shipping of digital orders and select wholesale orders will resume. Ralph Lauren stock has slumped 39.2% for the year to date while the S&P 500 index has gained 18.7%.
Ralph Lauren Corporation (NYSE: RL), a global leader in the design, marketing and distribution of premium lifestyle products, shares details of its COVID-19 response initiatives to date. This update covers support for the Company’s multiple stakeholders, including our teams, consumers, partners, communities and shareholders.
Nike Inc. shoppers who couldn’t get to stores that were shuttered by the coronavirus pandemic flocked to e-commerce channels during the fiscal third quarter.
Analysts think Costco’s coronavirus-related surge in business will continue for months to come as it gains members and e-commerce capabilities.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Many retailers are announcing temporary store closures and withdrawing their guidance in response to the coronavirus pandemic.
A retail industry group has asked the White House for a direct, government-backed loan program to help the industry combat the fallout from the coronavirus pandemic, which has dampened customer spending. The National Retail Federation (NRF) in a letter to U.S. President Donald Trump, among others, said on Wednesday retail workers would be burdened with rents and loan payments if no sales are made for weeks, with cumulative losses that could amount to tens of billions of dollars a week. The pandemic, that first originated in China last year and spread to the United States, has also affected airlines, cruise operators and the travel industry.
Ralph Lauren (RL) temporarily closes all stores across North America between Mar 18 and Apr 1 to safeguard its employees and society from the coronavirus outbreak.
U.S. clothing retailer Gap Inc and luxury department store operator Neiman Marcus will close their stores for two weeks, joining other retailers in a vast effort to stem the spread of the novel coronavirus. In a separate release, Neiman Marcus said it would shut all Neiman Marcus, Bergdorf Goodman, and Last Call stores in the United States, effective immediately. Numerous retailers including Tiffany & Co, Macy's Inc, L Brands Inc, Ralph Lauren and American Eagle Outfitters announced temporary store closures on Tuesday, joining Nike Inc and Nordstrom Inc, which made similar announcements in recent days.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus. Earlier in the day, L Brands Inc, Ralph Lauren and American Eagle Outfitters announced temporary store closures, joining a spate of retailers, including Nike Inc and Nordstrom Inc, which have made similar announcements in recent days. There are now more coronavirus cases and deaths outside mainland China, the initial epicenter of the outbreak, than inside, with more than 182,000 cases worldwide and over 7,100 deaths.
Ralph Lauren Corp. said Tuesday that it will close stores across North America from March 18 through April 1. A number of stores in Europe and Asia are already closed due to the pandemic. Chico's FAS Inc. will also close stores across North America for the next two weeks. Chico's brands include the namesake, White House Black Market and Soma. Workers across both companies will be paid during the closure and those that can work from home will. Chico's has also withdrawn the guidance it issued on Feb. 27. New guidance will not be announced at this time. The FactSet consensus is for earnings per share of 8 cents and sales of $523 million in the fiscal first quarter. Earnings are scheduled to be announced on May 27. And Groupon Inc. has alerted customers that eligible vouchers will be extended for up to one year, and customer support will be available to help in the event that an event or deal is canceled. Customers who receive an exchange or refund will also receive a bonus voucher. Ralph Lauren stock is up 3.4% in Tuesday premarket trading, but down 40.7% over the past year. Chico's stock is not trading in Tuesday premarket, but is down 61% over the past year. And Groupon shares have gained nearly 6% in Tuesday premarket trading though the stock has fallen nearly 81% for the past 12 months. The S&P 500 index is down 15.5% over the last year.
Ralph Lauren Corporation (NYSE: RL) today provided an update to its store operations in response to the continued spread of COVID-19. The Company will temporarily close all of its stores across North America from March 18, 2020 through April 1, 2020. All of the Company’s team members impacted by this short-term closure will receive their standard pay for the full two weeks. Consumers can continue to shop from our digital commerce sites and mobile apps.
Columbia Sportswear (COLM) shuts its brick and mortar retail stores in North America due to coronavirus concerns. Other apparel companies also resort to similar steps.
Ralph Lauren Corporation (NYSE: RL) announced that its Board of Directors has declared a regular quarterly dividend of $0.6875 per share on Ralph Lauren Corporation Common Stock. The dividend is payable on April 10, 2020 to shareholders of record at the close of business on March 27, 2020.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ralph Lauren (RL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.