PKO Investment Management Joint Stock Co Cuts Stock Holdings in Ralph Lauren Corporation $RL

PKO Investment Management Joint Stock Co lowered its stake in Ralph Lauren Corporation (NYSE:RL) by 25.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,000 shares of the textile maker’s stock after selling 1,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Ralph Lauren were worth $823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren during the 1st quarter worth $33,000. Brooklyn Investment Group increased its holdings in 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. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ralph Lauren in the 1st quarter worth $39,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Ralph Lauren in the 1st quarter worth $43,000. Finally, Private Trust Co. NA boosted its stake in shares of Ralph Lauren by 189.8% during the 2nd quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.3%

Shares of Ralph Lauren stock opened at $335.19 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. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $341.90. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.67 and a beta of 1.61. The firm’s 50 day simple moving average is $311.91 and its two-hundred day simple moving average is $280.96.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $2.70 EPS. Ralph Lauren’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

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

Analyst Upgrades and Downgrades

RL has been the subject of several research reports. TD Cowen boosted their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, August 11th. BTIG Research started coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target for the company. Evercore ISI boosted their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Barclays reduced their price target on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.12.

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.