Unigestion Holding SA grew its holdings in Ralph Lauren Corp (NYSE:RL) by 67.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,369 shares of the textile maker’s stock after acquiring an additional 80,713 shares during the quarter. Unigestion Holding SA owned 0.26% of Ralph Lauren worth $19,129,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in Ralph Lauren by 26.6% during the 3rd quarter. Empowered Funds LLC now owns 24,456 shares of the textile maker’s stock valued at $2,335,000 after purchasing an additional 5,138 shares during the period. IFM Investors Pty Ltd increased its position in Ralph Lauren by 51.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,234 shares of the textile maker’s stock valued at $404,000 after purchasing an additional 1,440 shares during the period. ARP Americas LP acquired a new stake in Ralph Lauren during the 3rd quarter valued at approximately $200,000. LS Investment Advisors LLC increased its position in Ralph Lauren by 7.6% during the 3rd quarter. LS Investment Advisors LLC now owns 2,887 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 204 shares during the period. Finally, California Public Employees Retirement System increased its position in Ralph Lauren by 18.5% during the 3rd quarter. California Public Employees Retirement System now owns 144,092 shares of the textile maker’s stock valued at $13,756,000 after purchasing an additional 22,488 shares during the period. 65.54% of the stock is owned by institutional investors.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 107,142 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $99.74, for a total transaction of $10,686,343.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 357,140 shares of company stock worth $33,683,302. Company insiders own 34.26% of the company’s stock.
A number of analysts have weighed in on RL shares. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 target price (down previously from $155.00) on shares of Ralph Lauren in a research report on Wednesday, July 31st. ValuEngine raised shares of Ralph Lauren from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group reduced their price objective on shares of Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada set a $128.00 price objective on shares of Ralph Lauren and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Atlantic Securities raised shares of Ralph Lauren from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $135.00 to $138.00 in a research report on Tuesday, September 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $127.67.
Shares of RL traded down $1.90 during trading hours on Friday, reaching $113.77. The stock had a trading volume of 1,555,840 shares, compared to its average volume of 1,118,336. Ralph Lauren Corp has a 12 month low of $82.69 and a 12 month high of $133.63. The firm has a 50-day simple moving average of $95.17 and a 200 day simple moving average of $104.76. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 4.06 and a beta of 0.90.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.16. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $2.26 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Ralph Lauren Corp will post 7.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.688 per share. The ex-dividend date was Thursday, September 26th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.69. This represents a $2.75 annualized dividend and a yield of 2.42%. Ralph Lauren’s dividend payout ratio (DPR) is 38.25%.
Ralph Lauren Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
Further Reading: Net Income
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