Ralph Lauren Corporation $RL Shares Sold by Groupe la Francaise

Groupe la Francaise trimmed its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,113 shares of the textile maker’s stock after selling 10,660 shares during the quarter. Groupe la Francaise’s holdings in Ralph Lauren were worth $24,386,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RL. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $27,000. Blueline Advisors LLC acquired a new position in Ralph Lauren in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren in the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in Ralph Lauren in the second quarter valued at about $32,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Ralph Lauren in the fourth quarter valued at about $35,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

Shares of RL stock opened at $385.83 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $387.29 and a two-hundred day moving average of $367.54. Ralph Lauren Corporation has a 52 week low of $273.04 and a 52 week high of $421.60. The company has a market cap of $22.96 billion, a P/E ratio of 25.53, a PEG ratio of 1.86 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a $1.00 dividend. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is 26.47%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RL. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Telsey Advisory Group boosted their price target on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. UBS Group raised their price objective on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $430.79.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.