King Luther Capital Management Corp Sells 12,514 Shares of Ralph Lauren Corporation $RL

King Luther Capital Management Corp cut its position in Ralph Lauren Corporation (NYSE:RL) by 10.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 110,096 shares of the textile maker’s stock after selling 12,514 shares during the period. King Luther Capital Management Corp’s holdings in Ralph Lauren were worth $34,522,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren during the 2nd quarter worth approximately $28,000. Rothschild Investment LLC grew its holdings in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Ralph Lauren in the 2nd quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Ralph Lauren by 57.1% during the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 52 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of several analyst reports. BTIG Research boosted their price objective on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd. Evercore set a $420.00 price target on Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. UBS Group upped their target price on Ralph Lauren from $474.00 to $477.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Barclays set a $416.00 target price on shares of Ralph Lauren and gave the company an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $388.19.

Ralph Lauren Price Performance

Shares of RL opened at $378.31 on Thursday. The firm has a market cap of $22.90 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $380.86. The business’s 50 day moving average price is $361.65 and its two-hundred day moving average price is $334.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $4.82 EPS. Ralph Lauren’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is currently 24.85%.

Insider Activity

In other news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 38.34% of the stock is owned by company insiders.

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.