MGO One Seven LLC Has $1.27 Million Stock Holdings in Ralph Lauren Corporation $RL

MGO One Seven LLC trimmed its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 48.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,633 shares of the textile maker’s stock after selling 4,360 shares during the period. MGO One Seven LLC’s holdings in Ralph Lauren were worth $1,271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Kestra Private Wealth Services LLC lifted its stake in Ralph Lauren by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 42 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in Ralph Lauren by 3.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock worth $300,000 after acquiring an additional 45 shares during the last quarter. Blue Trust Inc. lifted its position in Ralph Lauren by 17.6% during the first quarter. Blue Trust Inc. now owns 415 shares of the textile maker’s stock worth $92,000 after acquiring an additional 62 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Ralph Lauren by 25.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after acquiring an additional 67 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in Ralph Lauren by 26.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 348 shares of the textile maker’s stock worth $75,000 after acquiring an additional 72 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on RL. Barclays cut their price objective on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a research report on Tuesday. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a report on Tuesday, August 12th. TD Cowen raised their target price 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. Finally, UBS Group raised their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.89.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $318.16 on Thursday. The company’s 50 day simple moving average is $306.33 and its 200 day simple moving average is $274.96. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61. 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 Corporation has a 1 year low of $176.61 and a 1 year high of $330.11.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. As a group, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

Ralph Lauren 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.