Charles Schwab Investment Management Inc. Has $134.41 Million Stock Holdings in Ralph Lauren Corporation $RL

Charles Schwab Investment Management Inc. grew its holdings in Ralph Lauren Corporation (NYSE:RL) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 490,045 shares of the textile maker’s stock after purchasing an additional 3,066 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of Ralph Lauren worth $134,410,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RL. AQR Capital Management LLC raised its stake 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 in the last quarter. Invesco Ltd. grew its holdings 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 valued at $333,958,000 after purchasing an additional 275,391 shares during the last quarter. Allianz Asset Management GmbH increased its position in Ralph Lauren by 118.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after purchasing an additional 210,343 shares in the last quarter. Trexquant Investment LP lifted its stake in Ralph Lauren by 509.5% in the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock valued at $34,891,000 after purchasing an additional 132,128 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in Ralph Lauren by 8,741.2% in the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after purchasing an additional 122,202 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of RL opened at $371.17 on Friday. The firm has a market cap of $22.51 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $374.00. The business’s 50 day moving average price is $326.57 and its two-hundred day moving average price is $300.84. 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 announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $2.54 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s payout ratio is 26.98%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RL. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. BTIG Research initiated coverage on Ralph Lauren in a research report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective on the stock. TD Cowen upped their target price on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Zacks Research raised Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Barclays boosted their price target on Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $347.13.

About Ralph Lauren

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.