BI Asset Management Fondsmaeglerselskab A S Sells 28,938 Shares of Ralph Lauren Corporation $RL

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 61.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,507 shares of the textile maker’s stock after selling 28,938 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ralph Lauren were worth $6,544,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RL. Pinebridge Investments LLC acquired a new stake in Ralph Lauren during the 4th quarter worth $20,339,000. WINTON GROUP Ltd grew its position 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 worth $3,299,000 after buying an additional 4,928 shares during the period. Parallel Advisors LLC increased its stake in shares of Ralph Lauren by 23.2% in the 4th quarter. Parallel Advisors LLC now owns 367 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 69 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $3,110,000. Finally, VMS Asset Management Limited acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $5,693,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $366.58 on Monday. The stock has a 50-day moving average price of $360.03 and a two-hundred day moving average price of $358.59. The stock has a market cap of $21.82 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. 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 1 year low of $258.13 and a 1 year high of $393.41.

Ralph Lauren (NYSE:RL) last issued 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 company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post 18.29 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on RL shares. Bank of America boosted 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. UBS Group increased their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, BTIG Research restated a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average 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.