Blair William & Co. IL Lowers Holdings in Ralph Lauren Corporation $RL

Blair William & Co. IL reduced its position in shares of Ralph Lauren Corporation (NYSE:RL) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,895 shares of the textile maker’s stock after selling 462 shares during the period. Blair William & Co. IL’s holdings in Ralph Lauren were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Ralph Lauren by 9.9% in the first quarter. GAMMA Investing LLC now owns 1,152 shares of the textile maker’s stock valued at $254,000 after purchasing an additional 104 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Ralph Lauren by 239.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,172 shares of the textile maker’s stock valued at $7,764,000 after purchasing an additional 24,799 shares during the period. State of Alaska Department of Revenue boosted its holdings in Ralph Lauren by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 4,671 shares of the textile maker’s stock valued at $1,031,000 after purchasing an additional 85 shares during the period. Blue Trust Inc. boosted its holdings in Ralph Lauren by 17.6% in the first quarter. Blue Trust Inc. now owns 415 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 62 shares during the period. Finally, Advisor Resource Council acquired a new stake in Ralph Lauren in the first quarter valued at $261,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 1.5%

Shares of Ralph Lauren stock opened at $327.94 on Friday. The business has a 50 day moving average price of $307.91 and a 200 day moving average price of $276.35. 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 company has a market capitalization of $19.86 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.61 and a beta of 1.61. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $330.11.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.Ralph Lauren’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 EPS. Sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared 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 1.1%. Ralph Lauren’s payout ratio is 29.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RL. Barclays cut their target price on Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating on the stock in a research report on Tuesday. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Telsey Advisory Group lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $333.94.

Ralph Lauren Company 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.