Metis Global Partners LLC Buys Shares of 951 Ralph Lauren Corporation $RL

Metis Global Partners LLC purchased a new position in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, Holdings Channel reports. The firm purchased 951 shares of the textile maker’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hantz Financial Services Inc. increased its holdings in Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Ralph Lauren during the 1st quarter valued at about $33,000. Brooklyn Investment Group grew its stake in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after acquiring an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ralph Lauren during the first quarter valued at approximately $39,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Ralph Lauren by 69.7% during 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 during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Down 2.2%

NYSE RL opened at $332.82 on Friday. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $342.99. 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 $20.16 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The stock’s 50-day moving average price is $320.28 and its 200-day moving average price is $293.23.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $2.54 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is 26.98%.

Wall Street Analysts Forecast Growth

RL has been the topic of several research reports. BTIG Research began coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 target price on the stock. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Needham & Company LLC lifted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $347.13.

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.