XTX Topco Ltd Buys Shares of 13,485 Ralph Lauren Co. (NYSE:RL)

XTX Topco Ltd purchased a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,485 shares of the textile maker’s stock, valued at approximately $2,361,000.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL bought a new stake in shares of Ralph Lauren in the second quarter valued at $330,000. Vanguard Personalized Indexing Management LLC increased its holdings in Ralph Lauren by 20.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,014 shares of the textile maker’s stock worth $528,000 after acquiring an additional 514 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Ralph Lauren by 8.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,166 shares of the textile maker’s stock valued at $554,000 after acquiring an additional 235 shares during the period. Tredje AP fonden purchased a new stake in Ralph Lauren during the second quarter valued at about $1,400,000. Finally, Mutual of America Capital Management LLC boosted its position in Ralph Lauren by 27.8% during the second quarter. Mutual of America Capital Management LLC now owns 15,628 shares of the textile maker’s stock worth $2,736,000 after purchasing an additional 3,398 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

RL has been the topic of several research reports. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Wells Fargo & Company lowered their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. 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 report on Thursday, August 8th. 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. Finally, Barclays raised their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.80.

Ralph Lauren Price Performance

RL opened at $183.61 on Thursday. 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 stock has a market capitalization of $11.48 billion, a P/E ratio of 18.89, a PEG ratio of 1.44 and a beta of 1.49. The stock has a 50-day moving average price of $170.13 and a 200-day moving average price of $173.32. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03.

Ralph Lauren (NYSE:RL) last issued its earnings results 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. Ralph Lauren’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Equities analysts predict that Ralph Lauren Co. will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 33.95%.

About Ralph Lauren

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.