Ralph Lauren Co. (NYSE:RL) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC raised its stake in shares of Ralph Lauren Co. (NYSE:RL) by 94.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,070 shares of the textile maker’s stock after buying an additional 2,463 shares during the quarter. Virtu Financial LLC’s holdings in Ralph Lauren were worth $888,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in shares of Ralph Lauren by 15,903.6% during the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after acquiring an additional 446,097 shares during the last quarter. Swedbank AB purchased a new position in Ralph Lauren in the 1st quarter valued at about $61,022,000. Los Angeles Capital Management LLC grew its holdings in shares of Ralph Lauren by 10,207.7% during the first quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after buying an additional 322,053 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after buying an additional 175,956 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. TD Cowen lowered their price objective on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Barclays raised their price target on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Guggenheim reaffirmed a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a research note on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $184.80.

Ralph Lauren Stock Performance

NYSE RL opened at $183.61 on Thursday. 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 Co. has a 1-year low of $108.60 and a 1-year high of $192.03. The firm has a market capitalization of $11.48 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.44 and a beta of 1.49. The business’s 50-day simple moving average is $170.03 and its 200-day simple moving average is $173.24.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share 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 period in the previous year, the company posted $2.34 earnings per share. Ralph Lauren’s revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.80%. Ralph Lauren’s dividend payout ratio is currently 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.