MGO One Seven LLC Sells 4,360 Shares of Ralph Lauren Corporation $RL

Key Points

• MGO One Seven LLC has reduced its holdings in Ralph Lauren Corporation by 48.5%, selling 4,360 shares and maintaining ownership of 4,633 shares valued at approximately $1.27 million.
• Ralph Lauren reported a strong earnings performance with $3.77 EPS for the latest quarter, exceeding analyst expectations of $3.50, and a revenue increase of 13.7% year-over-year.
• The company recently announced a quarterly dividend of $0.9125 per share, equating to an annual yield of 1.1%, paid to shareholders of record as of September 26th.

MGO One Seven LLC decreased its holdings in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 48.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,633 shares of the textile maker's stock after selling 4,360 shares during the period. MGO One Seven LLC's holdings in Ralph Lauren were worth $1,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren during the 1st quarter valued at $33,000. Brooklyn Investment Group raised its position in shares of Ralph Lauren by 180.3% during the 1st 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 last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ralph Lauren during the 1st quarter valued at $39,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Ralph Lauren in the 1st quarter valued at $43,000. Finally, MRP Capital Investments LLC increased its position in shares of Ralph Lauren by 175.0% in the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock valued at $61,000 after buying an additional 175 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

RL stock opened at $318.16 on Thursday. The stock has a 50-day moving average price of $306.33 and a two-hundred day moving average price of $274.96. The stock has a market cap of $19.27 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.59 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 Corporation has a 1 year low of $176.61 and a 1 year high of $330.11.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion during 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%.The company's revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. Equities analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on RL shares. UBS Group upped their price objective on shares of 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 restated a "buy (b)" rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Barclays lowered their price objective on shares of Ralph Lauren from $353.00 to $352.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Needham & Company LLC upped their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and a consensus price target of $324.89.

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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