Fruth Investment Management Takes $233,000 Position in Ralph Lauren Corp (RL)

Fruth Investment Management bought a new position in shares of Ralph Lauren Corp (NYSE:RL) during the first quarter, HoldingsChannel reports. The firm bought 1,800 shares of the textile maker’s stock, valued at approximately $233,000.

Several other large investors have also made changes to their positions in the business. Nuveen Asset Management LLC grew its position in shares of Ralph Lauren by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 5,572 shares of the textile maker’s stock worth $576,000 after purchasing an additional 85 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Ralph Lauren by 44.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock worth $31,000 after purchasing an additional 92 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Ralph Lauren by 2.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,860 shares of the textile maker’s stock worth $503,000 after purchasing an additional 120 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of Ralph Lauren by 5.2% during the 4th quarter. LS Investment Advisors LLC now owns 2,799 shares of the textile maker’s stock worth $290,000 after purchasing an additional 139 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in shares of Ralph Lauren by 17.5% during the 4th quarter. ETF Managers Group LLC now owns 1,183 shares of the textile maker’s stock worth $122,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 66.71% of the company’s stock.

In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $126.00, for a total value of $252,000.00. Following the sale, the director now owns 7,278 shares in the company, valued at $917,028. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Valerie Hermann sold 10,400 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the completion of the sale, the insider now owns 38,340 shares in the company, valued at approximately $4,836,591. The disclosure for this sale can be found here. Company insiders own 32.49% of the company’s stock.

NYSE RL opened at $129.56 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 2.18 and a debt-to-equity ratio of 0.20. The company has a market cap of $10.00 billion, a P/E ratio of 21.49, a PEG ratio of 1.62 and a beta of 0.69. Ralph Lauren Corp has a 1 year low of $95.63 and a 1 year high of $147.79.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.17. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Equities analysts expect that Ralph Lauren Corp will post 7.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.625 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.50 annualized dividend and a dividend yield of 1.93%. Ralph Lauren’s dividend payout ratio is 41.46%.

RL has been the topic of a number of analyst reports. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. UBS Group upgraded shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Thursday, January 10th. Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, February 5th. Finally, Telsey Advisory Group upgraded shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $136.00.

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About Ralph Lauren

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

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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