Ralph Lauren Corporation $RL Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC cut its position in shares of Ralph Lauren Corporation (NYSE:RL) by 18.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,399 shares of the textile maker’s stock after selling 1,947 shares during the period. Orion Porfolio Solutions LLC’s holdings in Ralph Lauren were worth $2,633,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Ralph Lauren by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after purchasing an additional 117,494 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Ralph Lauren by 18.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after purchasing an additional 5,075 shares during the period. Envestnet Asset Management Inc. grew its holdings in Ralph Lauren by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock valued at $83,282,000 after purchasing an additional 18,355 shares in the last quarter. Winnow Wealth LLC acquired a new stake in Ralph Lauren during the 3rd quarter valued at $899,000. Finally, Rakuten Investment Management Inc. purchased a new stake in Ralph Lauren during the 3rd quarter worth $86,719,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 38.34% of the stock is currently owned by company insiders.

Ralph Lauren Trading Up 0.6%

Shares of NYSE RL opened at $346.23 on Wednesday. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $389.15. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.47. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $361.04 and its 200 day simple moving average is $342.02.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business earned $4.82 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 24.85%.

Analyst Upgrades and Downgrades

RL has been the subject of a number of analyst reports. Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company lifted their target price on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Jefferies Financial Group cut their price target on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a research note on Thursday, January 8th. Finally, Citigroup upped their target price on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $389.06.

Ralph Lauren 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.