Lbp Am Sa Sells 10,964 Shares of Ralph Lauren Corporation $RL

Key Points

• Lbp Am Sa decreased its holdings in Ralph Lauren Corporation by 43.5%, selling 10,964 shares during the second quarter, leaving it with 14,231 shares valued at $3.9 million.
• Recent analyst reports have been mostly positive, with multiple firms adjusting their price targets for Ralph Lauren, indicating a consensus rating of "Moderate Buy" and an average price target of $320.53.
• Ralph Lauren's latest quarterly earnings report showed earnings per share of $3.77, exceeding the consensus estimate of $3.50, with revenue growth of 13.7% year-over-year.

Lbp Am Sa cut its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 43.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,231 shares of the textile maker's stock after selling 10,964 shares during the period. Lbp Am Sa's holdings in Ralph Lauren were worth $3,903,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sentry Investment Management LLC increased its stake in shares of Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock worth $31,000 after purchasing an additional 89 shares during the period. Banque Transatlantique SA bought a new position in Ralph Lauren during the first quarter valued at about $33,000. Brooklyn Investment Group increased its stake in Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after acquiring an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren during the first quarter valued at about $39,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren during the first quarter valued at about $43,000. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on RL shares. Evercore ISI boosted their price target on Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. TD Cowen boosted their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a research note on Tuesday. Cowen restated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday. Finally, Barclays lowered their price target on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $320.53.

Ralph Lauren Trading Up 1.5%

RL stock opened at $322.27 on Friday. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $322.64. The firm has a market cap of $19.52 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.61. The business's 50 day moving average is $302.75 and its 200-day moving average is $269.08. 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 released its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 EPS. Equities analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren's payout ratio is presently 29.15%.

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.

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