Choreo LLC Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Choreo LLC bought a new stake in Ralph Lauren Co. (NYSE:RL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,837 shares of the textile maker’s stock, valued at approximately $317,000.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of Ralph Lauren by 35.9% in the second quarter. Quest Partners LLC now owns 1,989 shares of the textile maker’s stock worth $348,000 after buying an additional 525 shares during the period. Oak Thistle LLC lifted its position in shares of Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares during the period. Savant Capital LLC grew its holdings in shares of Ralph Lauren by 137.4% in the second quarter. Savant Capital LLC now owns 19,605 shares of the textile maker’s stock worth $3,432,000 after purchasing an additional 11,346 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in Ralph Lauren in the 2nd quarter worth about $7,923,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

NYSE RL opened at $184.21 on Wednesday. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03. The firm’s fifty day simple moving average is $169.94 and its two-hundred day simple moving average is $173.25. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $11.51 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.44 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. Analysts forecast that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 target price on shares of Ralph Lauren in a research note on Wednesday, August 7th. Guggenheim restated a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a report on Friday, May 24th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Barclays raised their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

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