Squar Milner Financial Services LLC reduced its stake in Ralph Lauren Corp (NYSE:RL) by 18.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,269 shares of the textile maker’s stock after selling 279 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Ralph Lauren were worth $144,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of RL. Signaturefd LLC lifted its holdings in shares of Ralph Lauren by 3,333.3% during the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after buying an additional 200 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Ralph Lauren by 9.3% during the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after buying an additional 110 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Ralph Lauren during the first quarter worth approximately $177,000. Cigna Investments Inc. New acquired a new position in shares of Ralph Lauren during the first quarter worth approximately $204,000. Finally, Commerce Bank acquired a new position in shares of Ralph Lauren during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 65.81% of the company’s stock.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $112.22, for a total value of $8,015,650.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 428,568 shares of company stock worth $46,648,913. 34.26% of the stock is currently owned by company insiders.
Shares of RL traded up $0.01 on Tuesday, reaching $95.74. 22,353 shares of the stock traded hands, compared to its average volume of 1,259,675. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.68 and a current ratio of 2.30. Ralph Lauren Corp has a 12 month low of $94.60 and a 12 month high of $141.62. The stock’s 50-day moving average is $110.56.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Tuesday, July 30th. The textile maker reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. Ralph Lauren’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Corp will post 7.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.6875 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.87%. Ralph Lauren’s payout ratio is currently 38.25%.
Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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