Ralph Lauren Co. (NYSE:RL) Short Interest Update

Ralph Lauren Co. (NYSE:RLGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 3,320,000 shares, a growth of 41.3% from the May 15th total of 2,350,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 7.3% of the company’s shares are short sold.

Several brokerages have weighed in on RL. Credit Suisse Group dropped their price objective on Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. TheStreet lowered Ralph Lauren from a “b” rating to a “c+” rating in a research report on Tuesday, May 24th. Cowen decreased their target price on Ralph Lauren from $171.00 to $151.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Wells Fargo & Company decreased their target price on Ralph Lauren to $95.00 in a research report on Wednesday, May 25th. Finally, Telsey Advisory Group decreased their target price on Ralph Lauren from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $127.21.

NYSE:RL traded up $1.30 during trading hours on Wednesday, reaching $95.87. 627,042 shares of the stock were exchanged, compared to its average volume of 1,104,721. Ralph Lauren has a twelve month low of $86.55 and a twelve month high of $135.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.44. The firm has a 50 day moving average of $102.18 and a 200 day moving average of $112.21. The stock has a market cap of $6.72 billion, a PE ratio of 11.93, a PEG ratio of 1.34 and a beta of 1.38.

Ralph Lauren (NYSE:RLGet Rating) last released its quarterly earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. Ralph Lauren had a return on equity of 23.00% and a net margin of 9.65%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren will post 8.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.69. Ralph Lauren’s dividend payout ratio is currently 34.29%.

Institutional investors have recently made changes to their positions in the company. Willis Investment Counsel raised its stake in Ralph Lauren by 19.0% in the 3rd quarter. Willis Investment Counsel now owns 130,213 shares of the textile maker’s stock valued at $14,459,000 after acquiring an additional 20,789 shares during the period. Morgan Stanley raised its stake in Ralph Lauren by 33.3% in the 3rd quarter. Morgan Stanley now owns 270,012 shares of the textile maker’s stock valued at $29,982,000 after acquiring an additional 67,520 shares during the period. Contravisory Investment Management Inc. raised its stake in Ralph Lauren by 45.8% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,553 shares of the textile maker’s stock valued at $541,000 after acquiring an additional 1,431 shares during the period. Nuveen Asset Management LLC raised its stake in Ralph Lauren by 13.1% in the 4th quarter. Nuveen Asset Management LLC now owns 139,284 shares of the textile maker’s stock valued at $16,555,000 after acquiring an additional 16,114 shares during the period. Finally, Geode Capital Management LLC raised its stake in Ralph Lauren by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 919,539 shares of the textile maker’s stock valued at $109,128,000 after acquiring an additional 63,409 shares during the period. Institutional investors own 99.89% of the company’s stock.

Ralph Lauren Company Profile (Get Rating)

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 and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, 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, floor coverings, and giftware; and fragrances.

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