Ralph Lauren Corporation $RL is Cookson Peirce & Co. Inc.’s 8th Largest Position

Cookson Peirce & Co. Inc. lessened its holdings in Ralph Lauren Corporation (NYSE:RL) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 140,216 shares of the textile maker’s stock after selling 1,476 shares during the period. Ralph Lauren accounts for approximately 2.1% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 8th biggest position. Cookson Peirce & Co. Inc. owned about 0.23% of Ralph Lauren worth $49,582,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vestcor Inc increased its stake in Ralph Lauren by 20.3% in the 4th quarter. Vestcor Inc now owns 3,022 shares of the textile maker’s stock worth $1,069,000 after buying an additional 509 shares in the last quarter. Pinebridge Investments LLC bought a new position in shares of Ralph Lauren during the 4th quarter valued at about $20,339,000. WINTON GROUP Ltd boosted its holdings in shares of Ralph Lauren by 112.0% during the 4th quarter. WINTON GROUP Ltd now owns 9,329 shares of the textile maker’s stock valued at $3,299,000 after purchasing an additional 4,928 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Ralph Lauren by 23.2% during the 4th quarter. Parallel Advisors LLC now owns 367 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 69 shares during the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Ralph Lauren during the 4th quarter valued at about $3,110,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.0%

Shares of NYSE:RL opened at $366.58 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. The company has a 50-day moving average price of $360.03 and a 200 day moving average price of $358.35. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.82 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS. As a group, equities research analysts predict that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is 24.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RL shares. Bank of America increased their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price objective for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Finally, UBS Group increased their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Company 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.