Signaturefd LLC Sells 342 Shares of Ralph Lauren Corporation $RL

Signaturefd LLC lowered its position in Ralph Lauren Corporation (NYSE:RL) by 53.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301 shares of the textile maker’s stock after selling 342 shares during the quarter. Signaturefd LLC’s holdings in Ralph Lauren were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in 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 acquiring an additional 414,275 shares in the last quarter. Invesco Ltd. lifted its position in shares of Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Ralph Lauren during the first quarter valued at approximately $37,517,000. Trexquant Investment LP increased its holdings in Ralph Lauren by 509.5% during the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock valued at $34,891,000 after buying an additional 132,128 shares during the period. Finally, Jump Financial LLC increased its holdings in Ralph Lauren by 8,741.2% during the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after buying an additional 122,202 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RL. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. UBS Group raised their price objective on Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Saturday, September 27th. TD Cowen increased their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group raised their price target on shares of Ralph Lauren from $325.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $320.53.

Ralph Lauren Stock Performance

NYSE RL opened at $322.06 on Friday. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $325.81. The firm has a market capitalization of $19.51 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. The stock’s fifty day moving average is $303.22 and its two-hundred day moving average is $270.11. 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 posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.9125 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is 29.15%.

Ralph Lauren 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.