Aigen Investment Management LP Buys 16,805 Shares of Ralph Lauren Co. (NYSE:RL)

by · The Cerbat Gem

Aigen Investment Management LP raised its stake in shares of Ralph Lauren Co. (NYSE:RL – Free Report) by 281.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,768 shares of the textile maker’s stock after acquiring an additional 16,805 shares during the quarter. Ralph Lauren makes up 0.9% of Aigen Investment Management LP’s portfolio, making the stock its 10th biggest position. Aigen Investment Management LP’s holdings in Ralph Lauren were worth $4,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Ralph Lauren by 26.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,241 shares of the textile maker’s stock worth $609,000 after buying an additional 688 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Ralph Lauren in the first quarter worth $200,000. Sei Investments Co. increased its stake in Ralph Lauren by 124.3% during the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after purchasing an additional 17,827 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Ralph Lauren during the first quarter worth about $156,000. Finally, QRG Capital Management Inc. lifted its stake in Ralph Lauren by 2.8% in the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after buying an additional 65 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 1.5 %

RL stock traded down $3.29 during midday trading on Tuesday, reaching $210.58. The company had a trading volume of 90,640 shares, compared to its average volume of 863,100. The company has a market capitalization of $13.04 billion, a P/E ratio of 20.39, a PEG ratio of 1.76 and a beta of 1.49. Ralph Lauren Co. has a 1 year low of $113.92 and a 1 year high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $193.77 and a two-hundred day moving average of $179.74.

Ralph Lauren (NYSE:RL – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.10 EPS. On average, equities research analysts expect that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RL shares. Guggenheim lifted their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays raised their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company increased their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Raymond James lifted their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $223.90.

View Our Latest Research Report on Ralph Lauren

Ralph Lauren Profile

(Free Report)

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.

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