Ralph Lauren Lower Ahead of Earnings Report

Published on Tuesday, 07 February 2012 11:50 Written by Danny Miller

New York, February 7^th (TradersHuddle.com) – Ralph Lauren (NYSE: RL), the owner of one of the most iconic American apparel brands, was falling 0.73% to $156.26. The company is schedule to report its quarterly results on February 8^th ahead of the opening bell.

On average analysts expect earnings of $1.67 per share on revenues of $1.75 billion. Last quarter the company posted a 9.6% upside surprise, as it earned $2.46 per share. The highest earnings estimate is $1.79 per share, while last year earnings for the same period were $1.72 per share.

Ralph Lauren has climbed more than 13% so far this year, helping the consumer discretionary sector to climb more than 8% since the start of the year and has been trading at new 52-week highs. The space and the stock has benefited from the solid jobs data, which bode well for the U.S. consumer. Last month, Credit Suisse initiated coverage on the stock with Outperform, while Wells Fargo downgraded it to Market Perform.