8,000 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by Tredje AP fonden

Tredje AP fonden purchased a new stake in Ralph Lauren Co. (NYSE:RL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the textile maker’s stock, valued at approximately $1,400,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in shares of Ralph Lauren by 27.8% during the 2nd 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 last quarter. Virtu Financial LLC lifted its holdings in shares of Ralph Lauren by 94.5% during the second quarter. Virtu Financial LLC now owns 5,070 shares of the textile maker’s stock worth $888,000 after buying an additional 2,463 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new stake in shares of Ralph Lauren in the second quarter valued at approximately $2,967,000. WINTON GROUP Ltd grew its stake in shares of Ralph Lauren by 2.2% in the second quarter. WINTON GROUP Ltd now owns 5,400 shares of the textile maker’s stock worth $945,000 after acquiring an additional 117 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Ralph Lauren by 26.2% during the second quarter. Envestnet Asset Management Inc. now owns 164,022 shares of the textile maker’s stock worth $28,714,000 after acquiring an additional 34,019 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Up 0.3 %

Shares of NYSE RL opened at $185.30 on Friday. The stock has a market cap of $11.58 billion, a PE ratio of 19.06, a PEG ratio of 1.49 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. The business has a fifty day moving average of $170.22 and a two-hundred day moving average of $173.44. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. As a group, equities research analysts expect 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. Investors of record on Friday, September 27th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.78%. Ralph Lauren’s dividend payout ratio is 33.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RL shares. Telsey Advisory Group boosted their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company lowered their price objective on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Guggenheim reaffirmed a “buy” rating and issued a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, TD Cowen reduced their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.00.

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.