Ralph Lauren Corporation $RL Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,399 shares of the textile maker’s stock after acquiring an additional 9,435 shares during the quarter. SG Americas Securities LLC’s holdings in Ralph Lauren were worth $53,456,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RL. Blueline Advisors LLC acquired a new stake in shares of Ralph Lauren during the fourth quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the 2nd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren during the 4th quarter worth approximately $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in Ralph Lauren during the 2nd quarter worth approximately $32,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on RL shares. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. UBS Group increased their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lifted their target price on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Trading Down 0.6%

NYSE RL opened at $410.52 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 52 week low of $259.30 and a 52 week high of $421.60. The stock has a market capitalization of $24.43 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. The firm has a 50 day moving average of $370.99 and a two-hundred day moving average of $362.30.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio 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.