Systematic Financial Management LP Has $3.18 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Systematic Financial Management LP trimmed its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,188 shares of the textile maker’s stock after selling 265 shares during the period. Systematic Financial Management LP’s holdings in Ralph Lauren were worth $3,184,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Allianz Asset Management GmbH boosted its position in shares of Ralph Lauren by 61.7% during the 4th quarter. Allianz Asset Management GmbH now owns 44,890 shares of the textile maker’s stock worth $6,473,000 after acquiring an additional 17,130 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in Ralph Lauren by 113,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock worth $163,000 after purchasing an additional 1,132 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Ralph Lauren during the fourth quarter worth about $1,999,000. Hudson Edge Investment Partners Inc. purchased a new position in Ralph Lauren in the fourth quarter valued at about $451,000. Finally, Cibc World Markets Corp boosted its stake in Ralph Lauren by 23.0% in the fourth quarter. Cibc World Markets Corp now owns 8,925 shares of the textile maker’s stock valued at $1,287,000 after acquiring an additional 1,666 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $196.53 on Monday. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.56 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17. The firm’s 50 day simple moving average is $172.48 and its 200-day simple moving average is $173.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts expect that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Announces Dividend

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 paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.68%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of analyst reports. TD Cowen upped their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research report on Thursday. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, Argus restated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.00.

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.