Truvestments Capital LLC Sells 97 Shares of Ralph Lauren Co. (NYSE:RL)

Truvestments Capital LLC lessened its stake in Ralph Lauren Co. (NYSE:RL) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,157 shares of the textile maker’s stock after selling 97 shares during the quarter. Truvestments Capital LLC’s holdings in Ralph Lauren were worth $224,000 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 stock. Pacer Advisors Inc. grew its holdings in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Swedbank AB bought a new stake in Ralph Lauren in the first quarter worth $61,022,000. Acadian Asset Management LLC raised its stake in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after purchasing an additional 116,910 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $220.17 on Tuesday. The business has a fifty day moving average of $200.69 and a 200 day moving average of $182.81. The stock has a market cap of $13.67 billion, a P/E ratio of 20.99, a PEG ratio of 1.63 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 52-week low of $123.22 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 earnings per share. As a group, sell-side analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.50%. Ralph Lauren’s payout ratio is currently 31.46%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. TD Cowen boosted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Guggenheim raised their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

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.