Quarry LP Increases Stake in Ralph Lauren Co. (NYSE:RL)

Quarry LP raised its position in Ralph Lauren Co. (NYSE:RL) by 423.4% during the second quarter, HoldingsChannel reports. The firm owned 717 shares of the textile maker’s stock after buying an additional 580 shares during the quarter. Quarry LP’s holdings in Ralph Lauren were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after purchasing an additional 203,495 shares in the last quarter. Boston Partners boosted its position in shares of Ralph Lauren by 3.4% in the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after acquiring an additional 41,482 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC lifted its position in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after buying an additional 189,600 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

RL opened at $192.22 on Wednesday. The business’s fifty day moving average is $172.99 and its 200-day moving average is $173.88. The firm has a market cap of $11.91 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $200.17.

Ralph Lauren (NYSE:RL) last released its earnings results 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 business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 earnings per share. Sell-side analysts expect that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s payout ratio is 33.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RL shares. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, September 26th. Barclays lifted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday. TD Cowen boosted their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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