Ralph Lauren Corporation $RL Shares Bought by Greenleaf Trust

Greenleaf Trust raised its holdings in Ralph Lauren Corporation (NYSE:RL) by 7.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 984 shares of the textile maker’s stock after acquiring an additional 72 shares during the quarter. Greenleaf Trust’s holdings in Ralph Lauren were worth $270,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after buying an additional 414,275 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after buying an additional 275,391 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Ralph Lauren during the 1st quarter worth $37,517,000. Trexquant Investment LP raised its stake in shares of Ralph Lauren by 509.5% during the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock worth $34,891,000 after buying an additional 132,128 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Ralph Lauren by 8,741.2% during the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after buying an additional 122,202 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RL shares. Needham & Company LLC lifted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Telsey Advisory Group lifted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell 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 price target of $320.53.

Ralph Lauren Stock Down 0.1%

Shares of NYSE:RL opened at $322.06 on Friday. 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 Corporation has a 1 year low of $176.61 and a 1 year high of $325.81. The stock has a market capitalization of $19.51 billion, a P/E ratio of 25.72, a PEG ratio of 1.62 and a beta of 1.61. The stock has a 50-day simple moving average of $303.22 and a 200-day simple moving average of $270.11.

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

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.9125 per share. The ex-dividend date is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s 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.