111 Capital Has $230,000 Stock Holdings in Ralph Lauren Corporation $RL

Key Points

• 111 Capital has reduced its stake in Ralph Lauren Corporation by 52.5%, now holding shares valued at $230,000 after selling 927 shares in the second quarter.
• Ralph Lauren reported $3.77 earnings per share for the last quarter, exceeding analysts' expectations and showing a 13.7% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $0.9125 per share, with a dividend yield of 1.1% and a payout ratio of 29.15%.

111 Capital cut its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 52.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 839 shares of the textile maker's stock after selling 927 shares during the period. 111 Capital's holdings in Ralph Lauren were worth $230,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its position in Ralph Lauren by 9.7% during the second quarter. QRG Capital Management Inc. now owns 3,719 shares of the textile maker's stock valued at $1,020,000 after purchasing an additional 328 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Ralph Lauren during the 2nd quarter worth approximately $222,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Ralph Lauren by 0.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,944 shares of the textile maker's stock worth $10,956,000 after acquiring an additional 216 shares during the period. Truist Financial Corp increased its stake in 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 acquiring an additional 21,183 shares during the period. Finally, Greenleaf Trust increased its stake in shares of Ralph Lauren by 7.9% in the 2nd quarter. Greenleaf Trust now owns 984 shares of the textile maker's stock valued at $270,000 after purchasing an additional 72 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Up 1.2%

Shares of NYSE:RL opened at $324.87 on Wednesday. The stock's 50-day moving average price is $304.08 and its 200-day moving average price is $271.47. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $325.81. The stock has a market capitalization of $19.68 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.Ralph Lauren's quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $2.70 earnings per share. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 (DPR) is presently 29.15%.

Analysts Set New Price Targets

Several research firms recently weighed in on RL. Wells Fargo & Company raised their price objective on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 8th. UBS Group boosted their target price 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 reaffirmed a "buy (b)" rating on shares of Ralph Lauren in a report on Saturday, September 27th. Jefferies Financial Group upped their price objective on Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. increased their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $320.53.

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.

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