Boston Common Asset Management LLC decreased its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,545 shares of the textile maker's stock after selling 6,715 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.07% of Ralph Lauren worth $10,058,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RL. Burney Co. purchased a new position in shares of Ralph Lauren in the 4th quarter worth $5,711,000. Charles Schwab Investment Management Inc. grew its holdings in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after buying an additional 13,640 shares in the last quarter. Bridgewater Associates LP lifted its stake in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after purchasing an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ralph Lauren during the third quarter valued at approximately $1,819,000. Finally, CWA Asset Management Group LLC increased its position in Ralph Lauren by 31.9% in the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.
Ralph Lauren Stock Performance
Shares of RL traded up $2.59 during trading hours on Friday, hitting $240.31. The stock had a trading volume of 618,498 shares, compared to its average volume of 549,785. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The firm has a 50-day moving average price of $227.05 and a 200 day moving average price of $197.40. Ralph Lauren Co. has a fifty-two week low of $134.90 and a fifty-two week high of $245.92.
Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm posted $2.10 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Ralph Lauren Co. will post 11.75 EPS for the current year.
Ralph Lauren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.37%. Ralph Lauren's payout ratio is 31.46%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on RL shares. TD Cowen increased their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Finally, Barclays increased their target price on Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus target price of $228.09.
Check Out Our Latest Analysis on RL
About Ralph Lauren
(
Free Report)
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.
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