King Luther Capital Management Corp Cuts Stock Holdings in Ralph Lauren Corporation $RL

King Luther Capital Management Corp decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 105,086 shares of the textile maker’s stock after selling 5,010 shares during the period. King Luther Capital Management Corp’s holdings in Ralph Lauren were worth $37,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RL. Orion Porfolio Solutions LLC grew its holdings in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Ralph Lauren during the third quarter valued at approximately $74,841,000. Two Sigma Investments LP grew its holdings in shares of Ralph Lauren by 137.1% during the third quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker’s stock valued at $113,516,000 after buying an additional 209,330 shares during the last quarter. Scopus Asset Management L.P. grew its holdings in shares of Ralph Lauren by 190.3% during the third quarter. Scopus Asset Management L.P. now owns 221,500 shares of the textile maker’s stock valued at $69,454,000 after buying an additional 145,189 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Ralph Lauren by 390.6% during the fourth quarter. SG Americas Securities LLC now owns 145,964 shares of the textile maker’s stock valued at $51,614,000 after buying an additional 116,211 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RL. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a report on Friday. Finally, Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Stock Up 1.2%

Shares of Ralph Lauren stock opened at $382.31 on Wednesday. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The company’s 50 day moving average is $355.91 and its 200 day moving average is $356.49. Ralph Lauren Corporation has a twelve month low of $258.13 and a twelve month high of $393.41. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Research analysts anticipate that Ralph Lauren Corporation will post 18.12 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. Ralph Lauren’s payout ratio is currently 24.16%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.