Rothschild Investment Corp IL Has $1.643 Million Position in Ralph Lauren Corp (RL)
Rothschild Investment Corp IL increased its stake in shares of Ralph Lauren Corp (NYSE:RL) by 103.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,125 shares of the textile maker’s stock after buying an additional 10,210 shares during the period. Rothschild Investment Corp IL’s holdings in Ralph Lauren Corp were worth $1,643,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in RL. Intellectus Partners LLC bought a new position in Ralph Lauren Corp during the fourth quarter valued at $100,000. Virtus Investment Advisers Inc. bought a new position in Ralph Lauren Corp during the third quarter valued at $147,000. Itau Unibanco Holding S.A. bought a new position in Ralph Lauren Corp during the third quarter valued at $149,000. Cantab Capital Partners LLP increased its position in Ralph Lauren Corp by 466.6% in the fourth quarter. Cantab Capital Partners LLP now owns 2,238 shares of the textile maker’s stock valued at $202,000 after buying an additional 1,843 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in Ralph Lauren Corp during the third quarter valued at $215,000. 62.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ralph Lauren Corp (NYSE:RL) traded down 0.35% during midday trading on Thursday, hitting $79.72. The company had a trading volume of 1,329,936 shares. Ralph Lauren Corp has a 12 month low of $75.62 and a 12 month high of $114.00. The firm has a market capitalization of $6.55 billion, a PE ratio of 45.58 and a beta of 0.88. The company has a 50-day moving average of $80.13 and a 200 day moving average of $91.07.
Ralph Lauren Corp (NYSE:RL) last announced its quarterly earnings results on Thursday, February 2nd. The textile maker reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.22. The company earned $1.70 billion during the quarter, compared to the consensus estimate of $1.71 billion. Ralph Lauren Corp had a return on equity of 13.14% and a net margin of 2.10%. Ralph Lauren Corp’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. On average, analysts expect that Ralph Lauren Corp will post $5.60 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Friday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, March 29th. Ralph Lauren Corp’s dividend payout ratio (DPR) is 114.29%.
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Several equities analysts have commented on RL shares. Vetr downgraded Ralph Lauren Corp from a “strong-buy” rating to a “buy” rating and set a $86.78 price objective on the stock. in a research report on Wednesday, March 8th. Royal Bank of Canada started coverage on Ralph Lauren Corp in a research report on Monday, April 10th. They issued a “sector perform” rating and a $84.00 price objective on the stock. Citigroup Inc downgraded Ralph Lauren Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, February 2nd. Evercore ISI downgraded Ralph Lauren Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Telsey Advisory Group downgraded Ralph Lauren Corp from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research report on Thursday, February 2nd. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $100.61.
Ralph Lauren Corp Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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