Ralph Lauren Corporation $RL Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its position in Ralph Lauren Corporation (NYSE:RL) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,704 shares of the textile maker’s stock after selling 1,838 shares during the quarter. AGF Management Ltd. owned about 0.07% of Ralph Lauren worth $11,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of Ralph Lauren by 22.3% during the first 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 in the last quarter. AQR Capital Management LLC boosted its position in Ralph Lauren by 55.7% during the first 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 during the last quarter. Jennison Associates LLC grew its stake in Ralph Lauren by 16.5% in the 1st quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker’s stock worth $124,870,000 after acquiring an additional 79,934 shares during the period. Allianz Asset Management GmbH raised its holdings in Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after acquiring an additional 210,343 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Ralph Lauren by 7.0% during the 2nd quarter. Truist Financial Corp now owns 322,020 shares of the textile maker’s stock worth $88,324,000 after purchasing an additional 21,183 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on RL. Telsey Advisory Group lifted their price objective on Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Needham & Company LLC increased their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Zacks Research upgraded shares of Ralph Lauren to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Jefferies Financial Group upped their price target on shares of Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Trading Up 3.2%

NYSE:RL opened at $324.98 on Friday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $341.90. The business’s 50-day moving average is $318.27 and its two-hundred day moving average is $290.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The firm has a market capitalization of $19.69 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $2.54 EPS. Research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s payout ratio is presently 26.98%.

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.