Dimensional Fund Advisors LP grew its holdings in Ralph Lauren Corp (NYSE:RL) by 17.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 724,416 shares of the textile maker’s stock after buying an additional 106,099 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of Ralph Lauren worth $63,962,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Ralph Lauren by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares in the last quarter. Pacer Advisors Inc. increased its position in Ralph Lauren by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after buying an additional 238 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $205,000. Parametrica Management Ltd bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $263,000. Finally, TLP Group LLC increased its position in Ralph Lauren by 5,614.8% during the 2nd quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock valued at $257,000 after buying an additional 3,425 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.
Shares of Ralph Lauren Corp (NYSE RL) opened at $106.79 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren Corp has a 52 week low of $66.06 and a 52 week high of $106.92. The firm has a market capitalization of $8,610.27, a P/E ratio of 110.09, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. equities analysts predict that Ralph Lauren Corp will post 5.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. Ralph Lauren’s dividend payout ratio (DPR) is presently 206.19%.
RL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Ralph Lauren from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Tigress Financial reissued a “hold” rating on shares of Ralph Lauren in a report on Thursday, September 28th. Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren in a research note on Monday, October 16th. Morgan Stanley raised their price target on Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Finally, Barclays began coverage on Ralph Lauren in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 target price on the stock. Six analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Ralph Lauren has a consensus rating of “Hold” and an average target price of $88.66.
In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now owns 35,028 shares in the company, valued at $3,195,254.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.93% of the stock is owned by insiders.
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About Ralph Lauren
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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