Vontobel Holding Ltd. Sells 4,097 Shares of Ralph Lauren Corporation $RL

Vontobel Holding Ltd. cut its holdings in Ralph Lauren Corporation (NYSE:RL) by 52.5% during the second quarter, HoldingsChannel reports. The firm owned 3,700 shares of the textile maker’s stock after selling 4,097 shares during the period. Vontobel Holding Ltd.’s holdings in Ralph Lauren were worth $1,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RL. Invesco Ltd. grew its position in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after buying an additional 275,391 shares in the last quarter. AQR Capital Management LLC grew its position 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 buying an additional 414,275 shares in the last quarter. Jennison Associates LLC grew its position in Ralph Lauren by 16.5% during the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker’s stock worth $124,870,000 after buying an additional 79,934 shares in the last quarter. Truist Financial Corp grew its position in Ralph Lauren by 7.0% during the second quarter. Truist Financial Corp now owns 322,020 shares of the textile maker’s stock worth $88,324,000 after buying an additional 21,183 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Ralph Lauren by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock worth $52,421,000 after buying an additional 17,732 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Evercore ISI lifted their target price on Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Zacks Research raised Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. TD Cowen lifted their price objective on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $320.53.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $309.71 on Monday. The firm has a market cap of $18.76 billion, a PE ratio of 24.74, a PEG ratio of 1.56 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $330.11. The company has a fifty day moving average price of $305.40 and a 200 day moving average price of $273.65.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $2.70 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Research analysts predict 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 was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 29.15%.

About Ralph Lauren

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.