5,186 Ralph Lauren Corporation $RL Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its holdings in Ralph Lauren Corporation (NYSE:RL) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,396 shares of the textile maker’s stock after selling 5,186 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ralph Lauren were worth $10,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RL. Continuum Advisory LLC purchased a new stake in Ralph Lauren in the second quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Ralph Lauren by 154.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 79 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Ralph Lauren during the third quarter valued at approximately $58,000. Parkside Financial Bank & Trust lifted its holdings in shares of Ralph Lauren by 27.0% during the second quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 38 shares during the last quarter. Finally, Wealth Enhancement Trust Services Inc. lifted its holdings in shares of Ralph Lauren by 5,000.0% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 255 shares of the textile maker’s stock valued at $91,000 after purchasing an additional 250 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 1.3%

Shares of Ralph Lauren stock opened at $394.59 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 1.97. The stock has a market capitalization of $23.51 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. Ralph Lauren Corporation has a 52-week low of $317.23 and a 52-week high of $421.60. The company has a 50-day simple moving average of $367.02 and a two-hundred day simple moving average of $368.21.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.38. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Ralph Lauren had a net margin of 12.56% and a return on equity of 40.22%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.79 earnings per share. On average, analysts anticipate that Ralph Lauren Corporation will post 19.02 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 25th. Ralph Lauren’s dividend payout ratio (DPR) is currently 22.96%.

Analyst Upgrades and Downgrades

RL has been the topic of several recent research reports. Deutsche Bank set a $446.00 price target on Ralph Lauren in a research note on Friday, August 7th. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, August 26th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Evercore reissued an “outperform” rating and issued a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. Finally, Telsey Advisory Group increased their target price on Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $448.20.

About Ralph Lauren

Ralph Lauren Corporation is a global designer, marketer and distributor of premium lifestyle products. Founded by Ralph Lauren in 1967 with a collection of men’s ties, the company has grown into a fashion and lifestyle business built around its namesake brand and Polo Ralph Lauren. Its products include apparel, footwear, accessories, fragrances and home furnishings. The company sells through department stores and other wholesale partners, as well as its own retail stores and e-commerce channels, and also licenses its brands for selected products and services.