Renaissance Technologies LLC Has $28.80 Million Position in Ralph Lauren Co. (NYSE:RL)

Renaissance Technologies LLC reduced its position in shares of Ralph Lauren Co. (NYSE:RL) by 22.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,500 shares of the textile maker’s stock after selling 47,100 shares during the quarter. Renaissance Technologies LLC owned 0.26% of Ralph Lauren worth $28,797,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RL. Family Firm Inc. acquired a new stake in Ralph Lauren during the 2nd quarter valued at $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren in the second quarter worth $31,000. Versant Capital Management Inc increased its stake in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren in the first quarter worth $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren in the first quarter worth $63,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Ralph Lauren in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Guggenheim reaffirmed a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research note on Friday, May 24th. Finally, Barclays upped their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.80.

Ralph Lauren Stock Up 0.6 %

RL stock opened at $184.77 on Friday. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The company has a 50-day moving average of $170.13 and a two-hundred day moving average of $173.32. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. 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 issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

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.