SG Americas Securities LLC Raises Holdings in Ralph Lauren Corporation $RL

SG Americas Securities LLC boosted its position in Ralph Lauren Corporation (NYSE:RL) by 229.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,753 shares of the textile maker’s stock after purchasing an additional 20,715 shares during the quarter. SG Americas Securities LLC’s holdings in Ralph Lauren were worth $9,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after buying an additional 15,785 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after acquiring an additional 117,494 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after acquiring an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Ralph Lauren by 26.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock valued at $231,306,000 after acquiring an additional 174,847 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Ralph Lauren by 5.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock worth $207,417,000 after purchasing an additional 36,328 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.3%

Shares of NYSE:RL opened at $369.88 on Friday. The company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.78 and a beta of 1.49. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00. The business has a 50-day moving average price of $351.98 and a 200 day moving average price of $320.17. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $2.54 earnings per share. Ralph Lauren’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RL shares. Wells Fargo & Company increased their price target on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. BTIG Research began coverage on Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 target price for the company. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Ralph Lauren in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $373.75.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.