Blair William & Co. IL Sells 462 Shares of Ralph Lauren Corporation $RL

Blair William & Co. IL trimmed its stake in Ralph Lauren Corporation (NYSE:RL) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the textile maker’s stock after selling 462 shares during the period. Blair William & Co. IL’s holdings in Ralph Lauren were worth $520,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Banque Transatlantique SA bought a new position in shares of Ralph Lauren in the 1st quarter worth $33,000. Brooklyn Investment Group grew its stake in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after buying an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ralph Lauren during the 1st quarter worth $39,000. Gordian Capital Singapore Pte Ltd purchased a new position in Ralph Lauren during the 1st quarter worth $43,000. Finally, MRP Capital Investments LLC grew its stake in Ralph Lauren by 175.0% during the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker’s stock worth $61,000 after buying an additional 175 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RL has been the topic of several research analyst reports. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. BTIG Research began coverage on Ralph Lauren in a research note on Tuesday. They set a “buy” rating and a $400.00 price target on the stock. Telsey Advisory Group boosted 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. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $333.94.

Ralph Lauren Stock Up 1.5%

Shares of RL opened at $327.94 on Friday. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $330.11. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.61 and a beta of 1.61. The stock’s 50-day moving average price is $307.91 and its 200-day moving average price is $276.35.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. On average, sell-side analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio 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.