Bayforest Capital Ltd Sells 66 Shares of Ralph Lauren Corporation $RL

Bayforest Capital Ltd lowered its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 14.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 396 shares of the textile maker’s stock after selling 66 shares during the quarter. Bayforest Capital Ltd’s holdings in Ralph Lauren were worth $109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Private Wealth Services LLC raised its position in shares of Ralph Lauren by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after buying an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in shares of Ralph Lauren by 3.4% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 45 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Ralph Lauren by 17.6% in the 1st quarter. Blue Trust Inc. now owns 415 shares of the textile maker’s stock worth $92,000 after purchasing an additional 62 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Ralph Lauren by 25.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after purchasing an additional 67 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Ralph Lauren by 26.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 348 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 72 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the subject of a number of analyst reports. Telsey Advisory Group raised their price target on Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Barclays reduced their price objective on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating on the stock in a research report on Tuesday. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Finally, BTIG Research assumed coverage on Ralph Lauren in a report on Tuesday. They issued a “buy” rating and a $400.00 price target on the stock. Two equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.94.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $327.94 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The firm has a 50-day moving average of $307.91 and a two-hundred day moving average of $276.35. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $330.11.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.27. The firm had revenue of $1.72 billion during 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 firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 earnings per share. On average, research analysts forecast 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. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s payout ratio is 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.