Counterpoint Mutual Funds LLC Buys Shares of 2,562 Ralph Lauren Corporation $RL

Key Points

• Counterpoint Mutual Funds LLC acquired 2,562 shares of Ralph Lauren Corporation (NYSE: RL), valued at approximately $703,000, during the second quarter.
• Ralph Lauren reported $3.77 earnings per share for the last quarter, exceeding analysts' estimates of $3.50, and was up 13.7% year-over-year in revenue.
• The company recently announced a quarterly dividend of $0.9125 per share, reflecting an annualized dividend yield of 1.2%.

Counterpoint Mutual Funds LLC acquired a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,562 shares of the textile maker's stock, valued at approximately $703,000.

Several other institutional investors and hedge funds have also made changes to their positions in RL. AQR Capital Management LLC lifted its position in shares of Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock valued at $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 first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock valued at $333,958,000 after acquiring an additional 275,391 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Ralph Lauren by 24,164.5% in the first quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker's stock valued at $56,132,000 after acquiring an additional 253,244 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Ralph Lauren in the first quarter valued at $37,517,000. Finally, Trexquant Investment LP lifted its position in shares of Ralph Lauren by 509.5% in the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker's stock valued at $34,891,000 after acquiring an additional 132,128 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $307.67 on Tuesday. The firm has a market capitalization of $18.64 billion, a PE ratio of 24.57, a P/E/G ratio of 1.58 and a beta of 1.60. 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 business has a 50-day moving average of $299.04 and a two-hundred day moving average of $264.61. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $321.77.

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, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced 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 is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's dividend payout ratio (DPR) is 29.15%.

Analyst Ratings Changes

Several research firms recently weighed in on RL. Wall Street Zen upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. increased their target price on Ralph Lauren from $355.00 to $406.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Barclays reduced their target price on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Finally, Evercore ISI increased their target price on Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $311.41.

Ralph Lauren Company 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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