Ralph Lauren Corp Stock Research

Market Summary

USD113.17+1.28

Market Closedas of 23 Mar 2023, 09:58 am

1.14%

RL Stock Price

RL RSI Chart

RL Valuation

Market Cap

7.5B

Price/Earnings (Trailing)

14.49

Price/Sales (Trailing)

1.16

EV/EBITDA

6.25

Price/Free Cashflow

25.62

RL Price/Sales (Trailing)

RL Profitability

Operating Margin

65.07%

EBT Margin

10.46%

Return on Equity

20.86%

Return on Assets

7.31%

Free Cashflow Yield

3.9%

RL Fundamentals

RL Revenue

Revenue (TTM)

6.4B

Revenue Y/Y

0.93%

Revenue Q/Q

15.98%

RL Earnings

Earnings (TTM)

514.8M

Earnings Y/Y

-0.55%

Earnings Q/Q

43.85%

Price Action

52 Week Range

82.23128.94

(Low)(High)

Last 7 days

-4.0%

Last 30 days

-9.1%

Last 90 days

4.8%

Trailing 12 Months

5.7%

RL Financial Health

Current Ratio

2.08

RL Investor Care

Dividend Yield

2.62%

Dividend/Share (TTM)

2.94

Buy Backs (1Y)

9.15%

Diluted EPS (TTM)

7.5

Peers (Alternatives to Ralph Lauren)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NKE	188.1B	49.1B	-5.58%	-0.19%	33.39	3.83	6.05%	-8.67%
LULU	36.4B	7.5B	-7.52%	1.14%	31.11	4.87	27.50%	34.32%
MID-CAP
TPR	9.7B	6.6B	-10.31%	15.36%	11.61	1.47	1.28%	0.05%
VFC	8.3B	11.7B	-21.36%	-60.86%	20.07	0.71	4.21%	-68.79%
RL	7.5B	6.4B	-9.15%	5.70%	14.49	1.16	7.40%	2.63%
LEVI	6.4B	6.2B	-12.58%	-13.13%	11.25	1.04	7.02%	2.82%
COLM	5.4B	3.5B	-6.76%	-2.73%	17.34	1.56	10.80%	-12.05%
PVH	4.6B	9.0B	-12.31%	-4.98%	10.24	0.52	1.71%	-10.18%
UA	3.4B	5.8B	-24.13%	-50.35%	21.87	0.59	2.15%	-56.50%
KTB	2.8B	2.6B	5.97%	19.64%	11.51	1.07	6.28%	25.62%
SMALL-CAP
OXM	1.8B	1.3B	-3.32%	39.17%	11.62	1.39	24.96%	68.50%
GIII	725.1M	3.1B	-1.59%	-37.27%	4.11	0.23	22.63%	5.80%
SGC	137.0M	572.2M	-9.00%	-41.85%	-4.6	0.24	5.91%	-179.21%
JRSH	60.4M	145.2M	4.18%	-28.01%	14.14	0.42	-3.11%	-51.07%
EVK	4.3M	313.4M	-52.52%	-87.98%	-1.57	0.01	2.82%	-297.70%

Financials for Ralph Lauren

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.3%	6,426	6,409	6,333	6,219	5,983
Gross Profit	-0.2%	4,181	4,189	4,181	4,148	3,964
Operating Expenses	0.0%	3,481	3,481	3,428	3,349	3,228
S&GA Expenses	-0.2%	3,444	3,452	3,398	3,306	3,147
EBITDA	0.1%	943	942	987	1,038	976
EBITDA Margin	-0.2%	0.15*	0.15*	0.16*	0.17*	0.16*
Earnings Before Taxes	0.5%	672	669	707	755	690
EBT Margin	0.2%	0.10*	0.10*	0.11*	0.12*	0.12*
Interest Expenses	-2.9%	47.00	48.00	53.00	54.00	54.00
Net Income	-0.2%	515	516	559	600	502
Net Income Margin	-0.5%	0.08*	0.08*	0.09*	0.10*	0.08*
Free Cahsflow	14.8%	291	254	514	716	868

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.5%	7,040	6,734	6,951	7,725	8,136
Current Assets	5.5%	3,631	3,441	3,578	4,217	4,567
Cash Equivalents	41.5%	1,566	1,107	1,457	1,864	2,285
Inventory	-1.8%	1,238	1,261	1,178	977	929
Net PPE	5.4%	948	899	931	970	965
Goodwill	2.9%	890	866	887	909	920
Liabilities	2.1%	4,572	4,478	4,587	5,189	5,413
Current Liabilities	2.3%	1,750	1,710	1,745	2,256	2,430
LT Debt, Current	NaN%	-	-	-	500	499
LT Debt, Non Current	0.0%	1,138	1,138	1,137	1,137	1,136
Shareholder's Equity	9.4%	2,468	2,256	2,364	2,536	2,723
Retained Earnings	2.6%	6,615	6,448	6,347	6,275	6,299
Additional Paid-In Capital	0.7%	2,809	2,790	2,767	2,749	2,730
Shares Outstanding	-2.2%	67.00	68.00	70.00	73.00	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	14.8%	291	254	514	716	868
Share Based Compensation	-3.4%	79.00	82.00	82.00	82.00	81.00
Cashflow From Investing	133.4%	356	153	-152	-717	-697
Cashflow From Financing	17.2%	-1,317	-1,590	-1,420	-665	-465
Dividend Payments	-0.5%	198	199	198	150	101
Buy Backs	-31.3%	598	870	699	493	342

Risks for RL

What is the probability of a big loss on RL?

85%

Probability that Ralph Lauren stock will be more than 20% underwater in next one year

56.5%

Probability that Ralph Lauren stock will be more than 30% underwater in next one year.

19.2%

Probability that Ralph Lauren stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Ralph Lauren was unfortunately bought at previous high price.

Drawdowns

Returns for RL

Cumulative Returns on RL

-2.5%

10-Year Cumulative Returns

4.3%

7-Year Cumulative Returns

2.4%

5-Year Cumulative Returns

12.0%

3-Year Cumulative Returns

What are the long-term rolling returns for RL?

FIve years rolling returns for Ralph Lauren.

Annualized Returns

Which funds bought or sold RL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	223	43,623,100	58,016,100	0.06%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-13.67	1,536,000	22,273,000	0.11%
2023-02-28	Voya Investment Management LLC	added	5.43	21,223,400	89,284,400	0.13%
2023-02-24	NATIXIS	sold off	-100	-297,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	90,000	455,000	-%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-19.08	1,209	136,209	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	20.24	10,405	31,405	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-136,000	-	-%
2023-02-17	Linden Thomas Advisory Services, LLC	new	-	282,875	282,875	0.08%
2023-02-16	Cullen Capital Management, LLC	reduced	-73.81	-802,874	388,126	-%

Latest Funds Activity

Are funds buying RL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RL

No. of Funds

Ralph Lauren News

Schedule 13G FIlings of Ralph Lauren

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 15, 2023	barrow hanley mewhinney & strauss llc	12.%	10	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	8.1%	3,333,095	SC 13G
Feb 10, 2023	lauren ralph	38.2%	25,228,922	SC 13G/A
Feb 09, 2023	vanguard group inc	10.98%	4,509,836	SC 13G/A
Feb 08, 2023	invesco ltd.	5.2%	2,147,293	SC 13G
Jan 25, 2023	jpmorgan chase & co	6.2%	2,578,651	SC 13G/A
Jan 23, 2023	blackrock inc.	14.1%	5,773,955	SC 13G/A
Jun 09, 2022	blackrock inc.	10.8%	4,895,772	SC 13G/A
Feb 11, 2022	barrow hanley mewhinney & strauss llc	9.24%	4,504,976	SC 13G
Feb 09, 2022	lauren ralph	34.6%	24,354,430	SC 13G/A

RL Fair Value

Ralph Lauren fair value in different scenarios

The table shows the Fair Value estimates for Ralph Lauren for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	48.22 -57.39%	65.45 -42.17%	88.25 -22.02%	105.35 -6.91%	122.73 8.45%
Current Inflation	46.24 -59.14%	62.12 -45.11%	82.79 -26.84%	98.25 -13.18%	110.05 -2.76%
Very High Inflation	43.66 -61.42%	57.83 -48.90%	75.89 -32.94%	89.33 -21.07%	95.08 -15.98%

Historical Ralph Lauren Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Ralph Lauren

View All Filings

Date Filed	Form Type	Document
Feb 15, 2023	SC 13G	Major Ownership Report
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	10-Q	Quarterly Report
Feb 09, 2023	8-K	Current Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	SC 13G	Major Ownership Report
Jan 25, 2023	4	Insider Trading
Jan 25, 2023	SC 13G/A	Major Ownership Report
Jan 23, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for RL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-23	Louvet Patrice	sold	-2,312,500	125	-18,500	president and ceo
2023-01-18	Louvet Patrice	sold	-2,220,000	120	-18,500	president and ceo
2023-01-13	Walker Darren	acquired	-	-	10.37	-
2023-01-13	ALCHIN JOHN R	acquired	-	-	10.37	-
2023-01-13	LAUREN RALPH	acquired	-	-	4,159	exec. chair, chief creative
2023-01-13	Cupp Debra S.	acquired	-	-	10.37	-
2023-01-13	Findley Linda	acquired	-	-	10.37	-
2023-01-13	JARRETT VALERIE B	acquired	-	-	10.37	-
2023-01-13	Joly Hubert	acquired	-	-	10.37	-
2023-01-13	AHRENDTS ANGELA J	acquired	-	-	10.37	-

About Ralph Lauren

Patrice Jean Louis Louvet

www.ralphlauren.com

22200

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, floor coverings, and giftware; and fragrances. It sells apparel and accessories under the Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco brands; women's fragrances under the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, Ralph Collection, and Big Pony Women's brand names; and men's fragrances under the Polo Blue, Safari, Purple Label, Polo Red, Polo Green, Polo Black, Polo Supreme, Polo Sport, and Big Pony Men's brand names. The company's restaurant concepts include The Polo Bar in New York City; RL Restaurant in Chicago; Ralph's in Paris; and Ralph's Coffee concept. Ralph Lauren Corporation sells its products to department stores, specialty stores, and golf and pro shops, as well as directly to consumers through its retail stores, concession-based shop-within-shops, and its digital commerce sites. The company directly operates 548 retail stores and 650 concession-based shop-within-shops; and operates 139 Ralph Lauren stores, and 143 Club Monaco stores and shops through licensing partners. Ralph Lauren Corporation was founded in 1967 and is headquartered in New York, New York.

RL Income Statement

2022-10-01

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Oct. 01, 2022	Sep. 25, 2021	Oct. 01, 2022	Sep. 25, 2021
Income Statement [Abstract]
Net revenues	$ 1,579.9	$ 1,504.1	$ 3,070.5	$ 2,880.4
Cost of goods sold	(556.8)	(488.9)	(1,046.0)	(897.1)
Gross profit	1,023.1	1,015.2	2,024.5	1,983.3
Other costs and expenses
Selling, general, and administrative expenses	(809.3)	(754.9)	(1,629.9)	(1,483.1)
Impairment of assets	(0.2)	(0.7)	(0.2)	(19.3)
Restructuring and other charges, net	(6.9)	(7.7)	(12.5)	(8.4)
Total other operating expenses, net	(816.4)	(763.3)	(1,642.6)	(1,510.8)
Operating income	206.7	251.9	381.9	472.5
Interest expense	(9.5)	(13.6)	(21.3)	(26.9)
Interest income	6.6	1.2	10.2	3.0
Other expense, net	(3.7)	(1.4)	(8.5)	(0.5)
Income before income taxes	200.1	238.1	362.3	448.1
Income tax provision	(49.6)	(44.8)	(88.4)	(90.1)
Net income	$ 150.5	$ 193.3	$ 273.9	$ 358.0
Net income per common share:
Basic	$ 2.21	$ 2.61	$ 3.97	$ 4.84
Diluted	$ 2.18	$ 2.57	$ 3.90	$ 4.75
Weighted average common shares outstanding:
Basic	68.0	74.0	69.0	73.9
Diluted	69.0	75.3	70.3	75.3
Dividends declared per share	$ 0.75	$ 0.6875	$ 1.50	$ 1.375

RL Balance Sheet

2022-10-01

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Oct. 01, 2022	Apr. 02, 2022
Current assets:
Cash and cash equivalents	$ 1,107.1	$ 1,863.8
Short-term investments	309.6	734.6
Accounts receivable, net of allowances of $194.5 million and $214.7 million	489.6	405.4
Inventories	1,261.4	977.3
Income tax receivable	54.1	63.7
Prepaid expenses and other current assets	218.8	172.5
Total current assets	3,440.6	4,217.3
Property and equipment, net	899.1	969.5
Operating lease right-of-use assets	1,016.7	1,111.3
Deferred tax assets	243.0	303.8
Goodwill	865.5	908.7
Intangible assets, net	95.6	102.9
Other non-current assets	173.1	111.2
Total assets	6,733.6	7,724.7
Current liabilities:
Current portion of long-term debt	0.0	499.8
Accounts payable	498.0	448.7
Current income tax payable	89.9	53.8
Current operating lease liabilities	244.6	262.0
Accrued expenses and other current liabilities	877.1	991.4
Total current liabilities	1,709.6	2,255.7
Long-term debt	1,137.5	1,136.5
Long-term finance lease liabilities	323.8	341.6
Long-term operating lease liabilities	1,036.7	1,132.2
Non-current income tax payable	73.6	98.9
Non-current liability for unrecognized tax benefits	86.6	91.9
Other non-current liabilities	110.2	131.9
Commitments and contingencies (Note 13)
Total liabilities	4,478.0	5,188.7
Equity:
Additional paid-in-capital	2,789.5	2,748.8
Retained earnings	6,448.1	6,274.9
Treasury stock, Class A, at cost; 66.3 million and 61.9 million shares	(6,726.0)	(6,308.7)
Accumulated other comprehensive loss	(257.3)	(180.3)
Total equity	2,255.6	2,536.0
Total liabilities and equity	6,733.6	7,724.7
Class A common stock, par value $.01 per share; 107.7 million and 106.9 million shares issued; 41.4 million and 45.0 million shares outstanding
Equity:
Common stock	1.0	1.0
Class B common stock, par value $.01 per share; 24.9 million shares issued and outstanding
Equity:
Common stock	$ 0.3	$ 0.3