AlphaQuest LLC Sells 2,328 Shares of Ralph Lauren Corporation $RL

AlphaQuest LLC trimmed its position in Ralph Lauren Corporation (NYSE:RL) by 42.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,146 shares of the textile maker’s stock after selling 2,328 shares during the period. AlphaQuest LLC’s holdings in Ralph Lauren were worth $863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RL. AQR Capital Management LLC lifted its stake in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after purchasing an additional 414,275 shares during the period. Invesco Ltd. lifted its stake in shares of Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after purchasing an additional 210,343 shares during the period. 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 lifted its stake in shares of Ralph Lauren by 8,741.2% in the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after purchasing an additional 122,202 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RL shares. Telsey Advisory Group increased their price target on Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Zacks Research raised Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. UBS Group raised their price objective on Ralph Lauren from $404.00 to $421.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.12.

Ralph Lauren Stock Performance

RL opened at $335.19 on Monday. The business’s 50-day moving average price is $311.91 and its two-hundred day moving average price is $282.16. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $341.90. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.67 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

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

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is currently 29.15%.

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.