Toronto Dominion Bank Sells 3,031 Shares of Ralph Lauren Co. (NYSE:RL)

Toronto Dominion Bank lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 16.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,288 shares of the textile maker’s stock after selling 3,031 shares during the period. Toronto Dominion Bank’s holdings in Ralph Lauren were worth $2,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Family Firm Inc. bought a new position in Ralph Lauren in the 2nd quarter valued at $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter worth about $31,000. Versant Capital Management Inc increased its position in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the period. Fidelis Capital Partners LLC bought a new stake in Ralph Lauren during the 1st quarter worth about $42,000. Finally, EntryPoint Capital LLC acquired a new position in Ralph Lauren during the 1st quarter valued at about $63,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RL has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday. TD Cowen raised their price target on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday. Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Barclays increased their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Ralph Lauren Price Performance

RL stock opened at $196.53 on Monday. The stock has a 50-day moving average price of $172.48 and a two-hundred day moving average price of $173.80. Ralph Lauren Co. has a 1 year low of $108.60 and a 1 year high of $200.17. The stock has a market cap of $12.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $2.34 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.