Company Update: Ralph Lauren Corporation (NYSE:RL) – Ralph Lauren Corporation Announces Departure of Christopher Peterson

[ Business Wire] – Ralph Lauren Corporation today announced that Christopher Peterson, President, Global Brands, has decided to leave the Company as of May 31, 2016. He will work closely with Stefan Larsson, President and Chief Executive Officer, to transition his responsibilities. Read more on this. Ralph Lauren Corporation (RL) , currently valued at $7.72B, opened this morning at $90.20. During today’s session, RL traded between $88.60 to $92.25 and has traded between $82.15 and $141.08 over the past year. Ralph Lauren (RL) shares are currently priced at 13.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 17.98x earnings multiple for the same period. And for income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.27%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $0.83 per share, which would be $0.58 worse than the year-ago quarter and a $0.78 sequential decrease. The full-year EPS estimate is $6.37, which would be a $1.51 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.86 Billion. If reported, that would be a 1.06% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded RL from Overweight to Neutral (Feb 8, 2016). Previously, BofA/Merrill downgraded RL from Neutral to Underperform. The average price target for RL shares by the analysts covering it is $105.32, which is 16.76% above where the stock opened. See more in (NYSE:RL) Similar Articles: Company Update (NYSE:RL): Ralph Lauren’s quarterly sales fall 4.3 pct Company Update (NYSE:RL): Ralph Lauren Third Quarter Fiscal Year 2016 Results to Be Released Thursday, February 4, 2016 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