Ralph Lauren Corporation $RL Shares Sold by Cwm LLC

Key Points

• Cwm LLC has reduced its stake in Ralph Lauren Corporation by 10.5% during the second quarter, now holding 19,212 shares valued at $5.27 million.
• A number of institutional investors, including AQR Capital Management and Invesco Ltd., have significantly increased their holdings in Ralph Lauren, indicating growing investor confidence.
• Ralph Lauren recently reported earnings per share of $3.77, beating estimates and showing a 13.7% increase in revenue year-over-year, with a pending dividend of $0.9125 per share.

Cwm LLC lowered its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,212 shares of the textile maker's stock after selling 2,259 shares during the period. Cwm LLC's holdings in Ralph Lauren were worth $5,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RL. AQR Capital Management LLC increased its holdings 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 purchasing an additional 414,275 shares during the period. Invesco Ltd. grew its holdings in Ralph Lauren by 22.3% during 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 during the period. Trexquant Investment LP grew its holdings in Ralph Lauren by 509.5% during the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker's stock worth $34,891,000 after acquiring an additional 132,128 shares during the period. Jump Financial LLC grew its holdings in Ralph Lauren by 8,741.2% during the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker's stock worth $27,283,000 after acquiring an additional 122,202 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in Ralph Lauren by 4,206.3% during the first quarter. Panagora Asset Management Inc. now owns 116,399 shares of the textile maker's stock worth $25,694,000 after acquiring an additional 113,696 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BTIG Research assumed coverage on Ralph Lauren in a report on Tuesday. They set a "buy" rating and a $400.00 price objective on the stock. Jefferies Financial Group upped their price objective on Ralph Lauren from $325.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Wall Street Zen raised Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Zacks Research raised Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $324.89.

Ralph Lauren Stock Up 0.1%

Ralph Lauren stock opened at $318.16 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $330.11. The stock's fifty day moving average is $306.33 and its two-hundred day moving average is $274.96.

Ralph Lauren (NYSE:RL - Get Free Report) last posted 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. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates 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 was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 earnings per share. Analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.