SG Americas Securities LLC Has $2.48 Million Stock Holdings in Ralph Lauren Corporation $RL

SG Americas Securities LLC grew its position in shares of Ralph Lauren Corporation (NYSE:RL) by 97.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,038 shares of the textile maker’s stock after buying an additional 4,465 shares during the quarter. SG Americas Securities LLC’s holdings in Ralph Lauren were worth $2,479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RL. Hantz Financial Services Inc. increased its holdings in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Ralph Lauren during the first quarter worth $33,000. Brooklyn Investment Group increased its stake in shares of Ralph Lauren by 180.3% in 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 during the last quarter. First Horizon Advisors Inc. increased its stake in Ralph Lauren by 69.7% in the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 62 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Ralph Lauren in the 1st quarter valued at $43,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of several research analyst reports. Telsey Advisory Group raised their target price on shares of Ralph Lauren from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BTIG Research assumed coverage on Ralph Lauren in a report on Tuesday, October 14th. They set a “buy” rating and a $400.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, Barclays increased their price target on Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Stock Performance

NYSE:RL opened at $330.75 on Thursday. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $342.99. The stock has a fifty day moving average price of $321.74 and a 200-day moving average price of $296.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $2.54 EPS. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 is currently 26.98%.

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.