Ralph Lauren Corporation's dividend payout ratio is -163.93%.
Ralph Lauren Corporation (RL) stock exposed a turn of 15.28% in most recent week and accomplished 21.32% performance over the last one month. Pacad Investment Ltd. augmented its stake by buying 4,600 shares an increase of 219.0% in the quarter. The Bridgecreek Investment Management Llc holds 3,550 shares with $228,000 value, down from 33,800 last quarter. Finally, International Value Advisers LLC purchased a new position in shares of Ralph Lauren Corporation during the first quarter worth $82,868,000. Gateway Investment Advisers LLC increased its position in Ralph Lauren Corporation by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker's stock worth $139,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. boosted its position in shares of Ralph Lauren Corporation by 97.0% in the first quarter. BlackRock Inc. now owns 4,583,697 shares of the textile maker's stock valued at $374,123,000 after buying an additional 4,462,396 shares during the last quarter. Investment Advisors LP increased its position in Ralph Lauren Corporation by 31.1% in the first quarter. Ralph Lauren Corporation also announced a dividend paid on Friday the 14th of July 2017. The vehicle rental company posted revenue of $2.22 billion in the period. The company's 50 day moving average is $72.80 and its 200-day moving average is $77.30. With 2.04 million avg volume, 3 days are for Ralph Lauren Corporation (NYSE:RL)'s short sellers to cover RL's short positions.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. As of the end of the quarter Mitsubishi Ufj Trust & Banking Corp had sold a total of 1,014 shares trimming its holdings by 0.9%. Its revenue totaled $1.56 billion down -9.14% from the previous quarter. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company presently has a consensus rating of "Hold" and an average price target of $90.49. Shareholders of record on Friday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, June 28th.
COPYRIGHT VIOLATION WARNING: "Ralph Lauren Corporation (RL) Earns Sell Rating from Piper Jaffray Companies" was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & global copyright and trademark law. The original version of this article can be accessed at https://theolympiareport.com/2017/08/09/ing-groep-nv-raises-stake-in-ralph-lauren-corporation-rl-updated.html.
Several brokerages recently issued reports on RL. Bank of America Corporation's price objective indicates a potential downside of 8.10% from the stock's current price.
FT reports, The 16 analysts offering 12 month price targets for Ralph Lauren Corp have a median target of 75.00, with a high estimate of 80.00 and a low estimate of 66.00. 1 and 2 is equivalent to a buy rating, 3 a hold rating, and 4 and 5 a sell rating.
On July 17, 2017 Buckingham started covering RL with an initial rating of "Neutral" and price target of $68.00.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. "We are looking at these 3 buckets: Our own sites, our wholesale.com and pure plays", Louvet said on a post-earnings call, adding that the company is actively looking to partner with the right online pure-play retailers.
Both designers reported sales declines - but they were smaller than the drop-offs recently experienced as each cut back on discounts, managed inventory better and continued a retreat from department stores.