Ralph Lauren Corporation $RL Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its stake in Ralph Lauren Corporation by 17.0%, bringing its total shares to 7,508, valued at approximately $2,059,000 as of the latest SEC filings.
• Ralph Lauren reported a quarterly earnings of $3.77 per share, exceeding analyst expectations, and experienced a 13.7% increase in revenue year-over-year, totaling $1.72 billion.
• The company recently declared a quarterly dividend of $0.9125, representing an annualized yield of 1.1%, with a current dividend payout ratio of 29.15%.

Aberdeen Group plc boosted its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,508 shares of the textile maker's stock after acquiring an additional 1,090 shares during the period. Aberdeen Group plc's holdings in Ralph Lauren were worth $2,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RL. Banque Transatlantique SA acquired a new stake in shares of Ralph Lauren in the 1st quarter valued at about $33,000. Brooklyn Investment Group increased its holdings in Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after buying an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ralph Lauren during the first quarter valued at approximately $39,000. Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren during the 1st quarter worth approximately $43,000. Finally, MRP Capital Investments LLC grew 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 worth $61,000 after acquiring an additional 175 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

RL opened at $327.94 on Friday. The business has a 50 day moving average price of $307.91 and a two-hundred day moving average price of $276.35. 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 company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. 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 announced its earnings results 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. 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 analysts' expectations of $1.65 billion. During the same quarter last year, the business posted $2.70 earnings per share. The company's quarterly revenue was up 13.7% on a year-over-year basis. Research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren's dividend payout ratio (DPR) is currently 29.15%.

Wall Street Analyst Weigh In

RL has been the topic of several research reports. Needham & Company LLC upped their price target on Ralph Lauren from $335.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 12th. TD Cowen boosted their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a research note on Tuesday, September 30th. Barclays reduced their price target on shares of Ralph Lauren from $353.00 to $352.00 and set an "overweight" rating on the stock in a research report on Tuesday. Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $333.94.

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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