Linden Thomas Advisory Services LLC Sells 773 Shares of Ralph Lauren Corporation $RL

Key Points

• Linden Thomas Advisory Services LLC reduced its holdings in Ralph Lauren Corporation by 13.1%, selling 773 shares in the 2nd quarter, now holding a total of 5,123 shares valued at approximately $1.4 million.
• Analysts have set a consensus price target of $336.12 for Ralph Lauren, with a majority rating the stock as a Moderate Buy amid recent increases in investment from other institutional investors.
• Ralph Lauren recently reported quarterly earnings, beating expectations with an EPS of $3.77 and a revenue of $1.72 billion, reflecting a 13.7% year-over-year growth.

Linden Thomas Advisory Services LLC cut its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,123 shares of the textile maker's stock after selling 773 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Ralph Lauren were worth $1,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its stake 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 buying an additional 275,391 shares in the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 414,275 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Ralph Lauren by 16.5% in the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker's stock valued at $124,870,000 after buying an additional 79,934 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker's stock valued at $106,458,000 after buying an additional 210,343 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Ralph Lauren by 7.0% during the 2nd quarter. Truist Financial Corp now owns 322,020 shares of the textile maker's stock valued at $88,324,000 after purchasing an additional 21,183 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RL. BTIG Research began coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They set a "buy" rating and a $400.00 price objective for the company. Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Tuesday, August 12th. Evercore ISI lifted their price objective on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Finally, TD Cowen lifted their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $336.12.

Ralph Lauren Stock Down 0.3%

RL stock opened at $335.19 on Friday. The company has a market cap of $20.30 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61. The business has a 50-day simple moving average of $311.91 and a 200 day simple moving average of $281.65. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $341.90. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58.

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

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren's payout ratio is 29.15%.

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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