ProShare Advisors LLC Reduces Position in Ralph Lauren Corporation $RL

ProShare Advisors LLC cut its position in shares of Ralph Lauren Corporation (NYSE:RLFree Report) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,802 shares of the textile maker’s stock after selling 1,337 shares during the period. ProShare Advisors LLC’s holdings in Ralph Lauren were worth $3,466,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Ralph Lauren by 18.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock worth $10,147,000 after purchasing an additional 5,075 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Ralph Lauren by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock worth $83,282,000 after purchasing an additional 18,355 shares during the period. Winnow Wealth LLC purchased a new position in shares of Ralph Lauren during the 3rd quarter worth about $899,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Ralph Lauren by 116.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 47,445 shares of the textile maker’s stock worth $14,877,000 after purchasing an additional 25,569 shares during the period. Finally, ING Groep NV boosted its position in Ralph Lauren by 33.1% in the 3rd quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock valued at $8,020,000 after buying an additional 6,354 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $377.89 on Friday. Ralph Lauren Corporation has a 1 year low of $258.13 and a 1 year high of $393.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The firm has a 50-day moving average of $354.00 and a two-hundred day moving average of $355.26.

Ralph Lauren (NYSE:RLGet Free Report) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.81%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts forecast that Ralph Lauren Corporation will post 18.12 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.85%.

Wall Street Analysts Forecast Growth

RL has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a research report on Friday. Evercore set a $420.00 price objective on shares of Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. BTIG Research reissued a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a research report on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $428.29.

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Ralph Lauren Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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