Chicago Partners Investment Group LLC Raises Holdings in Ralph Lauren Corporation $RL

Chicago Partners Investment Group LLC grew its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,651 shares of the textile maker’s stock after buying an additional 147 shares during the period. Chicago Partners Investment Group LLC’s holdings in Ralph Lauren were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of 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. Invesco Ltd. grew its stake in Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after acquiring an additional 275,391 shares during the period. Allianz Asset Management GmbH grew its stake in Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after acquiring an additional 210,343 shares during the period. Trexquant Investment LP grew its stake in Ralph Lauren by 509.5% in the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock worth $34,891,000 after acquiring an additional 132,128 shares during the period. Finally, Jump Financial LLC grew its position in shares of Ralph Lauren by 8,741.2% in the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after purchasing an additional 122,202 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $332.26 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $340.61. The company has a 50 day moving average of $310.10 and a two-hundred day moving average of $278.90. The company has a market cap of $20.12 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.67 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share 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 firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $2.70 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given 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 presently 29.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RL shares. Wells Fargo & Company lifted their price objective on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Evercore ISI lifted their price target on Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, August 4th. UBS Group boosted their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a report on Friday, August 8th. Needham & Company LLC boosted their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, BTIG Research assumed coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $333.94.

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.