Ralph Lauren Corporation $RL Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 76.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 891 shares of the textile maker’s stock after selling 2,828 shares during the period. QRG Capital Management Inc.’s holdings in Ralph Lauren were worth $279,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Procyon Advisors LLC lifted its holdings in shares of Ralph Lauren by 44.1% during the third quarter. Procyon Advisors LLC now owns 7,107 shares of the textile maker’s stock worth $2,228,000 after purchasing an additional 2,174 shares during the period. Versant Capital Management Inc raised its position in Ralph Lauren by 10.5% during the 3rd quarter. Versant Capital Management Inc now owns 1,622 shares of the textile maker’s stock worth $509,000 after buying an additional 154 shares during the last quarter. WESPAC Advisors LLC lifted its stake in Ralph Lauren by 3.2% during the 3rd quarter. WESPAC Advisors LLC now owns 2,240 shares of the textile maker’s stock valued at $702,000 after acquiring an additional 69 shares during the period. Kera Capital Partners Inc. lifted its stake in Ralph Lauren by 14.4% during the 3rd quarter. Kera Capital Partners Inc. now owns 1,866 shares of the textile maker’s stock valued at $585,000 after acquiring an additional 235 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at $257,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $367.12 on Friday. The firm has a market cap of $22.26 billion, a PE ratio of 27.13, a P/E/G ratio of 1.64 and a beta of 1.49. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $380.00. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $359.84 and a 200 day moving average price of $326.59.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The company 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 36.18% and a net margin of 11.28%.Ralph Lauren’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.54 earnings per share. Sell-side analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

Analyst Upgrades and Downgrades

RL has been the subject of several recent research reports. Argus raised their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. UBS Group increased their price target on Ralph Lauren from $435.00 to $473.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a research note on Thursday, January 8th. Guggenheim assumed coverage on Ralph Lauren in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.29.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.