Ralph Lauren Corporation $RL Stake Lessened by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its stake in Ralph Lauren Corporation by 52.5% in the second quarter, holding now 3,700 shares valued at approximately $1 million.
• Ralph Lauren reported earnings of $3.77 per share, exceeding analyst expectations by $0.27, with quarterly revenue reaching $1.72 billion.
• The company announced a quarterly dividend of $0.9125 per share, which provides an annualized yield of 1.2% and indicates a payout ratio of 29.15%.

Vontobel Holding Ltd. lowered its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,700 shares of the textile maker's stock after selling 4,097 shares during the period. Vontobel Holding Ltd.'s holdings in Ralph Lauren were worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Optas LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at $211,000. WESPAC Advisors LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at $595,000. Venturi Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at $285,000. Valeo Financial Advisors LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at $228,000. Finally, Simplicity Wealth LLC lifted its holdings in shares of Ralph Lauren by 37.8% in the second quarter. Simplicity Wealth LLC now owns 1,266 shares of the textile maker's stock valued at $347,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

NYSE RL opened at $309.71 on Monday. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $330.11. The stock's 50-day moving average is $305.40 and its two-hundred day moving average is $273.65. 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 firm has a market cap of $18.76 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.56 and a beta of 1.61.

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. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $2.70 earnings per share. The business's revenue was up 13.7% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's payout ratio is presently 29.15%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI increased their price objective on Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Barclays cut their price objective on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price objective on Ralph Lauren from $423.00 to $430.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Telsey Advisory Group increased their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Finally, TD Cowen increased their price objective on Ralph Lauren from $354.00 to $399.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $320.53.

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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