Sellaronda Global Management LP Has $9.60 Million Stock Holdings in Ralph Lauren Corporation $RL

Sellaronda Global Management LP lessened its stake in Ralph Lauren Corporation (NYSE:RL) by 17.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,000 shares of the textile maker’s stock after selling 7,500 shares during the quarter. Ralph Lauren makes up approximately 8.4% of Sellaronda Global Management LP’s holdings, making the stock its 9th biggest holding. Sellaronda Global Management LP owned about 0.06% of Ralph Lauren worth $9,600,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group raised its position in shares of Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 110 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Ralph Lauren by 69.7% during the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren during the first quarter worth $43,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RL. Barclays increased their target price on shares of Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, August 11th. TD Cowen upped their target price on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, BTIG Research initiated coverage on Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Stock Performance

RL opened at $371.17 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $326.57 and its 200-day moving average is $300.84. The stock has a market cap of $22.51 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $374.00.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. On average, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s payout ratio is currently 26.98%.

Ralph Lauren Company 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.