Tidal Investments LLC Sells 2,082 Shares of Ralph Lauren Corporation $RL

Tidal Investments LLC decreased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 17.8% during the 2nd quarter, Holdings Channel reports. The firm owned 9,597 shares of the textile maker’s stock after selling 2,082 shares during the period. Tidal Investments LLC’s holdings in Ralph Lauren were worth $3,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at $27,000. Continuum Advisory LLC acquired a new stake in Ralph Lauren in the second quarter valued at $41,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Ralph Lauren by 154.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 79 shares during the period. Sound Income Strategies LLC bought a new position in shares of Ralph Lauren in the 1st quarter valued at about $50,000. Finally, SHP Wealth Management acquired a new position in shares of Ralph Lauren during the 4th quarter worth about $54,000. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RL shares. Telsey Advisory Group upped their target price on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. UBS Group upped their price objective on Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, August 7th. BTIG Research raised their price objective on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Evercore reiterated an “outperform” rating and set a $460.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $445.67.

Ralph Lauren Price Performance

Shares of RL opened at $341.73 on Tuesday. The company’s 50-day moving average is $371.90 and its 200-day moving average is $368.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The firm has a market capitalization of $20.36 billion, a PE ratio of 21.53, a PEG ratio of 1.27 and a beta of 1.34. Ralph Lauren Corporation has a fifty-two week low of $299.98 and a fifty-two week high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $3.77 EPS. Ralph Lauren’s revenue was up 13.9% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Ralph Lauren’s payout ratio is currently 25.20%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.