Tyers Asset Management LLC decreased its position in shares of Ralph Lauren Corp (NYSE:RL) by 85.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,672 shares of the textile maker’s stock after selling 26,592 shares during the period. Tyers Asset Management LLC’s holdings in Ralph Lauren were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its position in Ralph Lauren by 1.5% during the fourth quarter. Nuveen Asset Management LLC now owns 5,572 shares of the textile maker’s stock valued at $576,000 after acquiring an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Ralph Lauren by 44.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in Ralph Lauren by 0.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 18,938 shares of the textile maker’s stock valued at $2,456,000 after acquiring an additional 101 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ralph Lauren by 3.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,083 shares of the textile maker’s stock valued at $400,000 after acquiring an additional 107 shares during the last quarter. Finally, ETF Managers Group LLC lifted its position in Ralph Lauren by 9.3% during the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 110 shares during the last quarter. 66.17% of the stock is owned by institutional investors.
A number of brokerages have issued reports on RL. OTR Global upgraded shares of Ralph Lauren to a “positive” rating in a research note on Friday, April 26th. Deutsche Bank cut their price target on shares of Ralph Lauren from $160.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. TheStreet lowered shares of Ralph Lauren from a “b” rating to a “c+” rating in a research note on Tuesday, May 14th. Telsey Advisory Group restated an “outperform” rating and set a $155.00 price target on shares of Ralph Lauren in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and an average target price of $136.06.
NYSE:RL opened at $112.13 on Friday. The firm has a market capitalization of $8.75 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. Ralph Lauren Corp has a 1-year low of $95.63 and a 1-year high of $147.79. The company has a current ratio of 3.00, a quick ratio of 2.31 and a debt-to-equity ratio of 0.21.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.14. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Ralph Lauren had a net margin of 6.83% and a return on equity of 17.38%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Research analysts predict that Ralph Lauren Corp will post 7.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.6875 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.63. Ralph Lauren’s dividend payout ratio is presently 34.77%.
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Ralph Lauren Company 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.
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