TD Asset Management Inc Sells 1,690 Shares of Ralph Lauren Corporation $RL

Key Points

• TD Asset Management Inc reduced its stake in Ralph Lauren Corporation by 4.1%, selling 1,690 shares and owning 39,836 shares worth approximately $10.9 million.
• Ralph Lauren reported a quarterly EPS of $3.77, exceeding expectations, with a revenue of $1.72 billion, marking a 13.7% year-over-year increase.
• The company announced a quarterly dividend of $0.9125 per share, reflecting a 1.1% dividend yield and a payout ratio of 29.15%.

TD Asset Management Inc lowered its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,836 shares of the textile maker's stock after selling 1,690 shares during the period. TD Asset Management Inc owned 0.07% of Ralph Lauren worth $10,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RL. AQR Capital Management LLC boosted its holdings in 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 worth $245,468,000 after acquiring an additional 414,275 shares in the last quarter. Invesco Ltd. boosted its holdings in 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. Trexquant Investment LP boosted its holdings in Ralph Lauren by 509.5% in 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 in the last quarter. Jump Financial LLC boosted its holdings in Ralph Lauren by 8,741.2% in 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 in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Ralph Lauren by 4,206.3% in 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 in the last quarter. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL opened at $327.94 on Friday. 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 has a market capitalization of $19.86 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.63 and a beta of 1.61. The stock has a 50 day moving average of $307.91 and a 200 day moving average of $276.63. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $330.11.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $2.70 earnings per share. As a group, sell-side analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

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

Analyst Upgrades and Downgrades

RL has been the topic of several recent research reports. Evercore ISI increased their price target on Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. Wells Fargo & Company raised their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 8th. BTIG Research assumed coverage on Ralph Lauren in a report on Tuesday. They issued a "buy" rating and a $400.00 target price on the stock. Finally, Barclays dropped their target price on Ralph Lauren from $353.00 to $352.00 and set an "overweight" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $333.94.

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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