ORG Wealth Partners LLC Sells 249 Shares of Ralph Lauren Corporation (NYSE:RL)

ORG Wealth Partners LLC lowered its position in shares of Ralph Lauren Corporation (NYSE:RL) by 65.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 133 shares of the textile maker’s stock after selling 249 shares during the quarter. ORG Wealth Partners LLC’s holdings in Ralph Lauren were worth $30,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Ralph Lauren by 3.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker’s stock worth $489,795,000 after purchasing an additional 70,544 shares during the period. FMR LLC raised its position in Ralph Lauren by 16.9% during the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock valued at $326,946,000 after purchasing an additional 205,121 shares during the last quarter. Invesco Ltd. lifted its holdings in Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after buying an additional 289,924 shares during the period. JPMorgan Chase & Co. grew its position in shares of Ralph Lauren by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after buying an additional 82,819 shares during the last quarter. Finally, Boston Partners grew its position in shares of Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock worth $227,085,000 after buying an additional 65,303 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $263.78 on Friday. Ralph Lauren Corporation has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a quick ratio of 1.33, a current ratio of 1.78 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $15.91 billion, a P/E ratio of 22.72, a PEG ratio of 1.92 and a beta of 1.51. The stock’s 50 day moving average is $252.24 and its 200 day moving average is $243.35.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.00 by $0.27. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.38%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, June 27th. Ralph Lauren’s dividend payout ratio is 31.44%.

Ralph Lauren declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the textile maker to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RL shares. Wells Fargo & Company upped their target price on Ralph Lauren from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, May 23rd. BMO Capital Markets upped their price objective on shares of Ralph Lauren from $197.00 to $205.00 and gave the stock an “underperform” rating in a report on Friday, May 23rd. Jefferies Financial Group raised their target price on shares of Ralph Lauren from $250.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Cfra Research cut shares of Ralph Lauren from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, May 20th. Finally, The Goldman Sachs Group increased their price target on shares of Ralph Lauren from $262.00 to $324.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.88.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.