SG Trading Solutions LLC Buys Shares of 2,720 Ralph Lauren Corporation $RL

SG Trading Solutions LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,720 shares of the textile maker’s stock, valued at approximately $962,000.

A number of other institutional investors have also made changes to their positions in the stock. Kera Capital Partners Inc. lifted its holdings in shares of Ralph Lauren by 48.0% in the 4th quarter. Kera Capital Partners Inc. now owns 2,762 shares of the textile maker’s stock worth $976,000 after acquiring an additional 896 shares during the last quarter. Virtu Financial LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at approximately $2,065,000. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $162,000. Compound Planning Inc. raised its position in Ralph Lauren by 8.2% in the fourth quarter. Compound Planning Inc. now owns 1,825 shares of the textile maker’s stock valued at $645,000 after purchasing an additional 139 shares during the period. Finally, Invesco Ltd. lifted its stake in Ralph Lauren by 26.2% during the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

NYSE:RL opened at $412.93 on Friday. The company has a fifty day simple moving average of $369.74 and a two-hundred day simple moving average of $361.59. The company has a market cap of $24.58 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 52 week low of $259.30 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Analyst Ratings Changes

Several research firms have recently commented on RL. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Wells Fargo & Company increased their target price on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Bank of America lifted their target price on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

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.