New Age Alpha Advisors LLC Lowers Stock Holdings in Ralph Lauren Corporation $RL

New Age Alpha Advisors LLC reduced its position in Ralph Lauren Corporation (NYSE:RL) by 51.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,181 shares of the textile maker’s stock after selling 2,288 shares during the period. New Age Alpha Advisors LLC’s holdings in Ralph Lauren were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Ralph Lauren by 76.3% in the 4th quarter. Hantz Financial Services Inc. now owns 171 shares of the textile maker’s stock worth $60,000 after acquiring an additional 74 shares during the period. Systematic Financial Management LP grew its stake in Ralph Lauren by 17.8% in the 4th quarter. Systematic Financial Management LP now owns 11,507 shares of the textile maker’s stock worth $4,069,000 after acquiring an additional 1,735 shares during the period. Prospera Financial Services Inc grew its stake in Ralph Lauren by 4.8% in the 4th quarter. Prospera Financial Services Inc now owns 1,437 shares of the textile maker’s stock worth $508,000 after acquiring an additional 66 shares during the period. EverSource Wealth Advisors LLC grew its stake in Ralph Lauren by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,172 shares of the textile maker’s stock worth $414,000 after acquiring an additional 290 shares during the period. Finally, Evoke Wealth LLC grew its stake in Ralph Lauren by 12.6% in the 4th quarter. Evoke Wealth LLC now owns 894 shares of the textile maker’s stock worth $317,000 after acquiring an additional 100 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RL has been the subject of several recent analyst reports. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Finally, UBS Group lifted their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Stock Down 1.5%

Shares of NYSE RL opened at $376.23 on Thursday. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41. The firm has a fifty day moving average of $356.65 and a 200-day moving average of $356.92. The stock has a market capitalization of $22.78 billion, a PE ratio of 24.90, a P/E/G ratio of 1.91 and a beta of 1.37. 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 announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $2.27 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Corporation will post 18.23 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. Stockholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is presently 24.16%.

Ralph Lauren 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.