EFG Asset Management North America Corp. Makes New $2.29 Million Investment in Ralph Lauren Corporation $RL

EFG Asset Management North America Corp. bought a new stake in Ralph Lauren Corporation (NYSE:RL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,351 shares of the textile maker’s stock, valued at approximately $2,289,000.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Ralph Lauren by 55.7% during the 1st 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 last quarter. Invesco Ltd. increased its holdings in shares of 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 buying an additional 275,391 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after acquiring an additional 210,343 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of Ralph Lauren by 509.5% in the 1st 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. Finally, Jump Financial LLC boosted its holdings in shares of Ralph Lauren by 8,741.2% in the 1st 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. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target 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 initiated coverage on Ralph Lauren in a research note on Tuesday, October 14th. They issued a “buy” rating and a $400.00 target price for the company. UBS Group lifted their price target on Ralph Lauren from $404.00 to $421.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen increased their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Finally, Barclays lowered their price objective on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $338.47.

Ralph Lauren Stock Up 2.7%

Shares of NYSE RL opened at $317.65 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. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $341.90. The firm has a 50 day moving average price of $317.37 and a 200 day moving average price of $288.88. The stock has a market cap of $19.24 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping the consensus estimate of $3.50 by $0.27. The business had revenue of $1.72 billion for 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%.The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. Analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued 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 was Friday, September 26th. 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.