1,837 Shares in Ralph Lauren Co. (NYSE:RL) Purchased by Choreo LLC

Choreo LLC purchased a new position in Ralph Lauren Co. (NYSE:RL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,837 shares of the textile maker’s stock, valued at approximately $317,000.

Other institutional investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Ralph Lauren in the second quarter worth $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren during the 2nd quarter worth about $31,000. Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at about $42,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the first quarter worth about $63,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective on shares of Ralph Lauren in a research note on Wednesday, August 7th. Guggenheim reaffirmed a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research note on Friday, May 24th. Finally, Barclays increased their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Stock Up 1.5 %

Shares of RL opened at $184.21 on Wednesday. The company’s 50-day moving average price is $169.94 and its 200 day moving average price is $173.25. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market cap of $11.51 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. On average, sell-side analysts forecast that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.79%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.