Gladius Capital Management LP Makes New $31,000 Investment in Ralph Lauren Co. (NYSE:RL)

Gladius Capital Management LP acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 175 shares of the textile maker’s stock, valued at approximately $31,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of Ralph Lauren by 67.2% in the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock worth $175,001,000 after purchasing an additional 487,882 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after buying an additional 446,097 shares in the last quarter. Jennison Associates LLC grew its position in Ralph Lauren by 71.6% during the fourth quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after acquiring an additional 331,413 shares during the last quarter. Swedbank AB purchased a new stake in shares of Ralph Lauren in the 1st quarter valued at $61,022,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.6 %

Shares of RL opened at $163.28 on Friday. Ralph Lauren Co. has a 1-year low of $108.60 and a 1-year high of $192.03. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.30 and a beta of 1.51. The firm’s 50-day moving average price is $172.69 and its 200-day moving average price is $172.97. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 EPS. Sell-side analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.30 annualized dividend and a yield of 2.02%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s dividend payout ratio (DPR) is currently 33.95%.

Insider Activity

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the completion of the transaction, the chief operating officer now owns 44,591 shares of the company’s stock, valued at $7,636,208.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on Ralph Lauren in a research note on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price target on the stock. Guggenheim reissued a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a research note on Friday, May 24th. Barclays lifted their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, TD Cowen dropped their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $184.80.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.