Park Avenue Securities LLC Makes New $932,000 Investment in Ralph Lauren Corporation $RL

Key Points

• Park Avenue Securities LLC has made a new investment of approximately $932,000 in Ralph Lauren Corporation, purchasing 3,399 shares in the second quarter.
• Ralph Lauren reported $3.77 earnings per share for the most recent quarter, exceeding analysts' expectations and showing a 13.7% year-over-year revenue increase.
• The company also announced a quarterly dividend of $0.9125 per share, set to be paid to shareholders, indicating a yield of 1.2%.

Park Avenue Securities LLC purchased a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,399 shares of the textile maker's stock, valued at approximately $932,000.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Ralph Lauren by 93.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after purchasing an additional 59 shares during the period. Sentry Investment Management LLC lifted its holdings 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 buying an additional 89 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren in the first quarter worth $33,000. Brooklyn Investment Group lifted its holdings in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after buying an additional 110 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ralph Lauren in the first quarter worth $39,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $312.04 on Friday. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.58 and a beta of 1.60. The firm's fifty day moving average is $300.85 and its 200 day moving average is $266.74. 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 Corporation has a 52-week low of $176.61 and a 52-week high of $321.77.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly 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. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren's revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.70 earnings per share. Sell-side analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.9125 per share. The ex-dividend date is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.2%. Ralph Lauren's payout ratio is 29.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Barclays lowered their target price on shares of Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. UBS Group boosted their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Finally, Evercore ISI boosted their target price on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $312.82.

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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