Ralph Lauren Corporation $RL Shares Sold by Diligent Investors LLC

Diligent Investors LLC cut its position in Ralph Lauren Corporation (NYSE:RL) by 21.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,005 shares of the textile maker’s stock after selling 274 shares during the period. Diligent Investors LLC’s holdings in Ralph Lauren were worth $276,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Ralph Lauren by 55.7% during the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after acquiring an additional 414,275 shares during the period. Invesco Ltd. grew its stake in shares of Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Ralph Lauren during the 1st quarter valued at approximately $37,517,000. Trexquant Investment LP lifted its stake in shares of Ralph Lauren by 509.5% in the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock valued at $34,891,000 after purchasing an additional 132,128 shares during the period. Finally, Jump Financial LLC boosted its holdings in Ralph Lauren by 8,741.2% during the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after buying an additional 122,202 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL opened at $322.06 on Friday. The company has a market cap of $19.51 billion, a P/E ratio of 25.72, a PEG ratio of 1.62 and a beta of 1.61. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $325.81. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average price is $303.22 and its 200 day moving average price is $270.11.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating the consensus estimate of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $2.70 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.9125 per share. The ex-dividend date is Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is 29.15%.

Analyst Upgrades and Downgrades

RL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. upped their price target on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Evercore ISI raised their price objective on Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, UBS Group increased their target price on Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.53.

Ralph Lauren Profile

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; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.