Corient Private Wealth LLC trimmed its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,740 shares of the textile maker's stock after selling 1,989 shares during the period. Corient Private Wealth LLC's holdings in Ralph Lauren were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Ralph Lauren by 70.3% during the 3rd quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker's stock valued at $2,411,000 after acquiring an additional 5,133 shares during the period. Daiwa Securities Group Inc. lifted its position in Ralph Lauren by 17.7% during the third quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker's stock valued at $358,000 after purchasing an additional 278 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ralph Lauren by 1.6% during the third quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker's stock valued at $6,294,000 after purchasing an additional 510 shares during the period. BNP Paribas Financial Markets boosted its holdings in Ralph Lauren by 81.5% in the third quarter. BNP Paribas Financial Markets now owns 121,139 shares of the textile maker's stock valued at $23,485,000 after purchasing an additional 54,409 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Ralph Lauren during the 3rd quarter worth about $86,000. Hedge funds and other institutional investors own 67.91% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on RL shares. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their target price for the company from $280.00 to $286.00 in a research note on Tuesday, March 18th. Finally, Barclays upped their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $284.62.
View Our Latest Analysis on Ralph Lauren
Ralph Lauren Price Performance
Shares of Ralph Lauren stock traded down $2.49 during mid-day trading on Monday, reaching $213.19. 134,093 shares of the stock traded hands, compared to its average volume of 811,542. The stock has a market capitalization of $13.17 billion, a PE ratio of 19.45, a PEG ratio of 1.73 and a beta of 1.50. The business has a 50-day moving average of $251.01 and a 200 day moving average of $226.51. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.
Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.55%. Ralph Lauren's dividend payout ratio is currently 30.11%.
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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