Ralph Lauren Corporation $RL Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its holdings in Ralph Lauren Corporation (NYSE:RL) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 90,497 shares of the textile maker’s stock after selling 4,337 shares during the period. Royce & Associates LP’s holdings in Ralph Lauren were worth $28,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in 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 purchasing an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at about $28,000. Rothschild Investment LLC boosted its stake in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the second quarter worth about $32,000. Finally, MAI Capital Management grew its holdings in Ralph Lauren by 248.4% during the third quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock worth $34,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $362.09 on Monday. The business’s 50 day moving average price is $362.44 and its 200 day moving average price is $338.89. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.41 and a beta of 1.47. 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 Corporation has a one year low of $176.61 and a one year high of $389.15.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the business earned $4.82 earnings per share. Ralph Lauren’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on RL. Argus raised their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a report on Thursday, February 5th. BTIG Research increased their target price 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. UBS Group raised their target price on Ralph Lauren from $474.00 to $477.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Jefferies Financial Group reduced their price target on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.19.

Insider Buying and Selling at Ralph Lauren

In related 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 transaction of $16,648,340.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this link. Insiders own 38.34% of the company’s stock.

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.