Ralph Lauren Target of Unusually Large Options Trading (RL)

Ralph Lauren Co. (NYSE:RL) was the recipient of some unusual options trading on Thursday. Stock traders acquired 3,115 put options on the stock. This is an increase of 997% compared to the average volume of 284 put options.

A number of hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund grew its position in shares of Ralph Lauren by 6.9% during the third quarter. New York State Common Retirement Fund now owns 144,900 shares of the textile maker’s stock valued at $12,793,000 after purchasing an additional 9,400 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Ralph Lauren by 12.9% during the third quarter. Russell Investments Group Ltd. now owns 42,961 shares of the textile maker’s stock valued at $3,793,000 after purchasing an additional 4,925 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ralph Lauren by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 724,416 shares of the textile maker’s stock valued at $63,962,000 after purchasing an additional 106,099 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Ralph Lauren during the third quarter valued at about $810,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Ralph Lauren by 3.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the textile maker’s stock valued at $2,013,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Shares of RL stock opened at $113.99 on Friday. Ralph Lauren has a 52-week low of $66.06 and a 52-week high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $9,352.30, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.84 and a beta of 0.64.



Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $1.86 EPS. Ralph Lauren’s revenue for the quarter was down 4.3% compared to the same quarter last year. analysts expect that Ralph Lauren will post 5.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. Ralph Lauren’s payout ratio is presently 35.03%.

RL has been the topic of a number of recent research reports. Zacks Investment Research cut Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, December 15th. ValuEngine cut Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Piper Jaffray set a $109.00 target price on Ralph Lauren and gave the stock a “sell” rating in a report on Tuesday, January 30th. Cowen raised Ralph Lauren from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $119.33 to $66.06 in a report on Thursday, March 22nd. Finally, Credit Suisse Group initiated coverage on Ralph Lauren in a report on Monday, March 12th. They issued an “outperform” rating and a $125.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Ralph Lauren currently has a consensus rating of “Hold” and an average target price of $99.00.

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About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

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