Ralph Lauren Corporation $RL Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its stake in Ralph Lauren Corporation (NYSE:RL) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,637 shares of the textile maker’s stock after selling 296 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Ralph Lauren were worth $1,272,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Invesco Ltd. grew its position in shares of Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares during the period. AQR Capital Management LLC grew its position in shares of Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after purchasing an additional 414,275 shares during the period. Jennison Associates LLC grew its position in shares of Ralph Lauren by 16.5% in the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker’s stock valued at $124,870,000 after purchasing an additional 79,934 shares during the period. Truist Financial Corp grew its position in shares of Ralph Lauren by 7.8% in the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker’s stock valued at $66,407,000 after purchasing an additional 21,681 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Ralph Lauren by 24,164.5% in the first quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock valued at $56,132,000 after purchasing an additional 253,244 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Barclays lowered their price target on shares of Ralph Lauren from $360.00 to $353.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Jefferies Financial Group boosted their price target on shares of Ralph Lauren from $325.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, UBS Group boosted their price target on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $311.41.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $307.67 on Tuesday. The company’s 50 day simple moving average is $299.04 and its 200-day simple moving average is $264.61. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $321.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. As a group, equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren’s dividend payout ratio is presently 29.15%.

Ralph Lauren Company 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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.