Los Angeles Capital Management LLC Reduces Stock Position in Ralph Lauren Corporation $RL

Los Angeles Capital Management LLC trimmed its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,450 shares of the textile maker’s stock after selling 24,211 shares during the quarter. Los Angeles Capital Management LLC owned 0.09% of Ralph Lauren worth $14,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Kestra Private Wealth Services LLC raised its position in Ralph Lauren by 4.2% during the first quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 42 shares during the period. Baader Bank Aktiengesellschaft increased its position in shares of Ralph Lauren by 3.4% during 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. Modera Wealth Management LLC increased its position in shares of Ralph Lauren by 5.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,028 shares of the textile maker’s stock valued at $282,000 after purchasing an additional 56 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after buying an additional 62 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Ralph Lauren by 25.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 3.2%

RL stock opened at $324.98 on Friday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $341.90. The firm’s 50-day moving average is $318.27 and its 200 day moving average is $290.46. The company has a market capitalization of $19.69 billion, a PE ratio of 25.96, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

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

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors 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 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is 26.98%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. TD Cowen raised their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Evercore ISI lifted their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $347.13.

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.