Choreo LLC Increases Position in Ralph Lauren Corporation $RL

Choreo LLC raised its position in shares of Ralph Lauren Corporation (NYSE:RL) by 41.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,770 shares of the textile maker’s stock after purchasing an additional 812 shares during the period. Choreo LLC’s holdings in Ralph Lauren were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares in the last quarter. First Horizon Advisors Inc. grew its position in Ralph Lauren by 69.7% during 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 during the last quarter. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren during the first quarter worth approximately $33,000. Brooklyn Investment Group lifted its holdings in shares of Ralph Lauren by 180.3% in the 1st 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 last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Ralph Lauren by 189.8% in the 2nd quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 112 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RL shares. BTIG Research assumed coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 target price on the stock. Wells Fargo & Company lifted their price objective on Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Trading Down 0.4%

RL opened at $365.96 on Tuesday. 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 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The business has a 50 day simple moving average of $328.85 and a two-hundred day simple moving average of $302.69. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. Analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio is 26.98%.

Ralph Lauren 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.