Kennedy Capital Management LLC Sells 24,185 Shares of Ralph Lauren Corporation $RL

Kennedy Capital Management LLC lowered its position in Ralph Lauren Corporation (NYSE:RL) by 43.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,810 shares of the textile maker’s stock after selling 24,185 shares during the quarter. Kennedy Capital Management LLC’s holdings in Ralph Lauren were worth $8,725,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Ralph Lauren by 69.7% in the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 62 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Ralph Lauren in the first quarter worth about $33,000. Brooklyn Investment Group lifted its stake in Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after acquiring an additional 110 shares during the period. Finally, Private Trust Co. NA grew its holdings in Ralph Lauren by 189.8% during the 2nd quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after acquiring an additional 112 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the topic of several recent research reports. Jefferies Financial Group increased their target price on Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. TD Cowen upped their price objective on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. 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 on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. Finally, Needham & Company LLC raised their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Two investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.63.

Ralph Lauren Stock Down 0.3%

RL stock opened at $357.10 on Friday. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $374.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. The firm’s fifty day moving average is $331.76 and its 200 day moving average is $304.02. The firm has a market cap of $21.65 billion, a PE ratio of 26.39, a P/E/G ratio of 1.73 and a beta of 1.52.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $2.54 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current 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 given 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 1.0%. Ralph Lauren’s payout ratio is 26.98%.

About Ralph Lauren

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.