Catalyst Capital Advisors LLC Trims Stake in Ralph Lauren Corporation $RL

Catalyst Capital Advisors LLC lowered its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,030 shares of the textile maker’s stock after selling 635 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Ralph Lauren were worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of RL. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren during the 1st quarter worth approximately $33,000. Brooklyn Investment Group grew its holdings in shares of Ralph Lauren by 180.3% during 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 period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ralph Lauren during the 1st quarter worth approximately $39,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Ralph Lauren in the first quarter worth $43,000. Finally, Private Trust Co. NA grew its stake in Ralph Lauren by 189.8% in the second quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

RL stock opened at $337.04 on Friday. The stock’s fifty day moving average price is $311.02 and its 200-day moving average price is $279.90. The company has a market cap of $20.42 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 1.65 and a beta of 1.61. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $340.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

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. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays reduced their price target on Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. UBS Group increased their price target on shares of Ralph Lauren from $404.00 to $421.00 and gave the stock a “buy” rating in a research note on Thursday. BTIG Research started coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price objective on the stock. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $336.12.

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.