Louisiana State Employees Retirement System lessened its stake in shares of Ralph Lauren Corp (NYSE:RL) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,400 shares of the textile maker’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Ralph Lauren were worth $281,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in RL. Squar Milner Financial Services LLC increased its holdings in shares of Ralph Lauren by 11.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock worth $135,000 after purchasing an additional 147 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Ralph Lauren by 1.0% during the third quarter. DNB Asset Management AS now owns 16,620 shares of the textile maker’s stock valued at $1,587,000 after buying an additional 163 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its position in shares of Ralph Lauren by 0.4% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 48,420 shares of the textile maker’s stock valued at $4,623,000 after buying an additional 200 shares during the last quarter. World Asset Management Inc boosted its position in shares of Ralph Lauren by 4.9% during the third quarter. World Asset Management Inc now owns 4,359 shares of the textile maker’s stock valued at $416,000 after buying an additional 202 shares during the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Ralph Lauren by 7.6% in the 3rd quarter. LS Investment Advisors LLC now owns 2,887 shares of the textile maker’s stock worth $276,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.
RL opened at $112.96 on Tuesday. The company’s 50 day moving average is $117.91 and its 200 day moving average is $104.05. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.80 and a beta of 0.93. Ralph Lauren Corp has a 12-month low of $82.69 and a 12-month high of $133.63.
Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.16. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Ralph Lauren had a net margin of 7.08% and a return on equity of 19.52%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. As a group, analysts predict that Ralph Lauren Corp will post 7.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.6875 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $2.75 annualized dividend and a dividend yield of 2.43%. Ralph Lauren’s dividend payout ratio (DPR) is 38.25%.
Several equities analysts have issued reports on RL shares. Barclays assumed coverage on shares of Ralph Lauren in a research note on Tuesday, November 12th. They set an “overweight” rating and a $130.00 target price on the stock. Zacks Investment Research lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating and set a $126.00 price target for the company. in a research note on Wednesday, January 8th. Guggenheim reissued a “hold” rating on shares of Ralph Lauren in a report on Thursday, November 7th. ValuEngine upgraded shares of Ralph Lauren from a “sell” rating to a “hold” rating in a research report on Friday. Finally, UBS Group increased their price objective on shares of Ralph Lauren from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.31.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $106.82, for a total transaction of $7,629,938.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jane Nielsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $113.84, for a total transaction of $1,138,400.00. Following the sale, the chief financial officer now owns 65,308 shares in the company, valued at approximately $7,434,662.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,351 shares of company stock worth $25,335,485. 34.26% of the stock is owned by insiders.
About Ralph Lauren
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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