Ralph Lauren Corporation $RL Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,406 shares of the textile maker's stock after selling 924 shares during the period. Pallas Capital Advisors LLC's holdings in Ralph Lauren were worth $2,031,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its holdings in Ralph Lauren by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker's stock worth $231,000 after acquiring an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of Ralph Lauren by 3.4% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after buying an additional 45 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ralph Lauren by 17.6% in the 1st quarter. Blue Trust Inc. now owns 415 shares of the textile maker's stock worth $92,000 after buying an additional 62 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Ralph Lauren by 25.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker's stock worth $73,000 after buying an additional 67 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RL shares. Wall Street Zen upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Barclays reduced their price target on shares of Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a research report on Wednesday. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $311.41.

Ralph Lauren Stock Down 2.7%

Ralph Lauren stock opened at $306.09 on Thursday. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.59 and a beta of 1.60. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company's 50-day moving average price is $297.70 and its two-hundred day moving average price is $263.03. 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 earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating the consensus estimate of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $2.70 EPS. On average, analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.2%. Ralph Lauren's dividend payout ratio (DPR) is presently 29.15%.

Ralph Lauren declared that its board has approved a stock buyback plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Ralph Lauren 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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