Machina Capital S.A.S. Has $881,000 Position in Ralph Lauren Corporation $RL

Machina Capital S.A.S. lifted its holdings in Ralph Lauren Corporation (NYSE:RL) by 41.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,213 shares of the textile maker’s stock after purchasing an additional 938 shares during the quarter. Machina Capital S.A.S.’s holdings in Ralph Lauren were worth $881,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Ralph Lauren by 55.7% in the first 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 last quarter. Invesco Ltd. increased its holdings in shares of Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after purchasing an additional 210,343 shares in the last quarter. Trexquant Investment LP raised its position in Ralph Lauren by 509.5% in the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock worth $34,891,000 after purchasing an additional 132,128 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings 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 worth $27,283,000 after buying an additional 122,202 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $314.63 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $19.06 billion, a P/E ratio of 25.13, a PEG ratio of 1.63 and a beta of 1.61. The business has a 50-day moving average of $316.60 and a 200-day moving average of $287.95. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $341.90.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping 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 analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $2.70 EPS. Ralph Lauren’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren’s dividend payout ratio is currently 29.15%.

Analyst Ratings Changes

Several equities research analysts have recently commented on RL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Barclays lowered their price objective on Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, UBS Group boosted 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, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $338.47.

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.