Quarry LP Buys 580 Shares of Ralph Lauren Co. (NYSE:RL)

Quarry LP boosted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 423.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 717 shares of the textile maker’s stock after acquiring an additional 580 shares during the period. Quarry LP’s holdings in Ralph Lauren were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RL. Family Firm Inc. bought a new stake in Ralph Lauren during the 2nd quarter worth $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at about $31,000. Versant Capital Management Inc lifted its stake in shares of Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares during the period. Fidelis Capital Partners LLC acquired a new position in Ralph Lauren during the 1st quarter worth approximately $42,000. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren during the 1st quarter worth approximately $63,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.9 %

NYSE:RL opened at $192.22 on Wednesday. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17. The firm has a fifty day simple moving average of $172.99 and a 200-day simple moving average of $173.88. 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 company has a market capitalization of $11.91 billion, a P/E ratio of 19.78, a PEG ratio of 1.61 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data 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 company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $2.34 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders 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 1.72%. Ralph Lauren’s payout ratio is 33.95%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RL. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Wells Fargo & Company increased their target price on Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, September 26th. Finally, TD Cowen raised their target price on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $189.00.

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.