Ralph Lauren Corporation $RL Shares Bought by Dupont Capital Management Corp

Key Points

• Dupont Capital Management Corp increased its stake in Ralph Lauren Corporation by 35.1% in the second quarter, now owning 29,159 shares valued at approximately $7.998 million.
• Ralph Lauren reported a quarterly earnings per share (EPS) of $3.77, exceeding analysts' estimates of $3.50 and reflecting a 13.7% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.9125, indicating an annualized yield of 1.1% and a payout ratio of 29.15%.

Dupont Capital Management Corp lifted its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 35.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,159 shares of the textile maker's stock after acquiring an additional 7,568 shares during the period. Dupont Capital Management Corp's holdings in Ralph Lauren were worth $7,998,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Invesco Ltd. increased its position 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 worth $333,958,000 after acquiring an additional 275,391 shares in the last quarter. AQR Capital Management LLC grew its holdings in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock valued at $245,468,000 after purchasing an additional 414,275 shares in the last quarter. Jennison Associates LLC grew its holdings in Ralph Lauren by 16.5% during the 1st quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker's stock valued at $124,870,000 after purchasing an additional 79,934 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Ralph Lauren by 118.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker's stock valued at $106,458,000 after purchasing an additional 210,343 shares in the last quarter. Finally, Truist Financial Corp grew 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 in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Trading Up 1.5%

NYSE RL opened at $332.72 on Tuesday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $333.14. 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 $20.15 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company's fifty day moving average price is $308.79 and its two-hundred day moving average price is $278.13.

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

Ralph Lauren Announces Dividend

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

Wall Street Analysts Forecast Growth

RL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Cfra Research raised shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Needham & Company LLC raised their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, UBS Group raised their price target on shares of Ralph Lauren from $385.00 to $404.00 and gave the company a "buy" rating in a report on Friday, August 8th. Two 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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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