Metis Global Partners LLC Acquires Shares of 951 Ralph Lauren Corporation $RL

Metis Global Partners LLC acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 951 shares of the textile maker’s stock, valued at approximately $261,000.

Several other large investors also recently modified their holdings of RL. BNP Paribas Financial Markets raised its holdings in shares of Ralph Lauren by 31.5% during the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after acquiring an additional 40,977 shares in the last quarter. Jump Financial LLC raised its holdings in Ralph Lauren by 8,741.2% in the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after purchasing an additional 122,202 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $286,000. Aberdeen Group plc lifted its position in shares of Ralph Lauren by 17.0% in the 2nd quarter. Aberdeen Group plc now owns 7,508 shares of the textile maker’s stock worth $2,059,000 after purchasing an additional 1,090 shares during the period. Finally, Signal Advisors Wealth LLC bought a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $309,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Down 2.2%

Shares of NYSE:RL opened at $332.82 on Friday. 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 stock has a fifty day simple moving average of $320.28 and a two-hundred day simple moving average of $293.23. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $342.99. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.34. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $2.54 earnings per share. On average, research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced 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 of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is 26.98%.

Analysts Set New Price Targets

A number of research firms recently issued reports on RL. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. increased 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. Needham & Company LLC raised their target price on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Evercore ISI upped their price target on Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Barclays increased their price objective on Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $347.13.

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.