SG Trading Solutions LLC Invests $962,000 in Ralph Lauren Corporation $RL

SG Trading Solutions LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,720 shares of the textile maker’s stock, valued at approximately $962,000.

A number of other large investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its position in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after acquiring an additional 245,242 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Ralph Lauren by 70.5% in the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Wells Fargo & Company increased their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $412.93 on Friday. The company has a market capitalization of $24.58 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The company’s fifty day moving average price is $369.74 and its 200 day moving average price is $361.59. Ralph Lauren Corporation has a 1 year low of $259.30 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.Ralph Lauren’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 EPS. On average, research analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $1.00 dividend. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.