Ralph Lauren Corporation $RL Shares Sold by Intrua Financial LLC

Intrua Financial LLC lowered its stake in Ralph Lauren Corporation (NYSE:RL) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,340 shares of the textile maker’s stock after selling 452 shares during the quarter. Intrua Financial LLC’s holdings in Ralph Lauren were worth $916,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of Ralph Lauren by 55.7% in the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after acquiring an additional 414,275 shares during the period. Invesco Ltd. raised its holdings in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after purchasing an additional 210,343 shares during the period. Trexquant Investment LP boosted its stake in Ralph Lauren by 509.5% during the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock valued at $34,891,000 after purchasing an additional 132,128 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Ralph Lauren by 8,741.2% during the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after purchasing an additional 122,202 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.4%

RL stock opened at $331.53 on Friday. 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 firm has a market capitalization of $20.08 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $342.99. The company’s 50 day simple moving average is $320.67 and its 200-day simple moving average is $293.99.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. 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 company posted $2.54 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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. Investors of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 26.98%.

Analyst Upgrades and Downgrades

RL has been the subject of several research analyst reports. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Barclays raised their target price on shares of Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Two research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $347.13.

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.