Exchange Traded Concepts LLC lowered its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,513 shares of the textile maker's stock after selling 1,290 shares during the period. Exchange Traded Concepts LLC's holdings in Ralph Lauren were worth $811,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Huntington National Bank increased its holdings in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in shares of Ralph Lauren during the 3rd quarter worth about $58,000. Quent Capital LLC boosted its stake in shares of Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker's stock worth $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after acquiring an additional 270 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.
Ralph Lauren Price Performance
NYSE:RL traded up $0.07 during trading hours on Thursday, hitting $256.88. The company's stock had a trading volume of 166,870 shares, compared to its average volume of 647,897. The company has a market capitalization of $15.95 billion, a P/E ratio of 24.49, a PEG ratio of 1.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The stock has a fifty day simple moving average of $233.93 and a 200-day simple moving average of $201.85. Ralph Lauren Co. has a twelve month low of $142.26 and a twelve month high of $260.77.
Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Co. will post 11.75 EPS for the current fiscal year.
Ralph Lauren Dividend Announcement
The company also recently announced 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 was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.28%. Ralph Lauren's payout ratio is presently 31.46%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on RL. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. TD Cowen boosted their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and an average target price of $244.91.
Read Our Latest Analysis on Ralph Lauren
Ralph Lauren Profile
(
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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