Ralph Lauren Co. (NYSE:RL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 29.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 578,970 shares of the textile maker’s stock after selling 243,551 shares during the quarter. Marshall Wace LLP’s holdings in Ralph Lauren were worth $101,354,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake 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 buying an additional 994,385 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Ralph Lauren by 15,903.6% in 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 period. Swedbank AB purchased a new stake in Ralph Lauren in the 1st quarter worth approximately $61,022,000. Los Angeles Capital Management LLC grew its stake in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after purchasing an additional 322,053 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Ralph Lauren by 4.3% during 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. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $190.61 on Wednesday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.52 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The company has a fifty day simple moving average of $170.86 and a 200-day simple moving average of $173.50.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s payout ratio is 33.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RL shares. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. TD Cowen cut their price target on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Telsey Advisory Group increased their price target on Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Barclays boosted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.00.

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.