Ralph Lauren Corporation $RL Position Lessened by Savant Capital LLC

Savant Capital LLC trimmed its position in shares of Ralph Lauren Corporation (NYSE:RL) by 93.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,258 shares of the textile maker’s stock after selling 16,881 shares during the period. Savant Capital LLC’s holdings in Ralph Lauren were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Orion Porfolio Solutions LLC raised its holdings in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Ralph Lauren during the third quarter valued at about $74,841,000. Two Sigma Investments LP raised its holdings in Ralph Lauren by 137.1% during the third quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker’s stock valued at $113,516,000 after buying an additional 209,330 shares in the last quarter. Scopus Asset Management L.P. raised its holdings in Ralph Lauren by 190.3% during the third quarter. Scopus Asset Management L.P. now owns 221,500 shares of the textile maker’s stock valued at $69,454,000 after buying an additional 145,189 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Ralph Lauren by 390.6% during the fourth quarter. SG Americas Securities LLC now owns 145,964 shares of the textile maker’s stock valued at $51,614,000 after buying an additional 116,211 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 2.0%

Ralph Lauren stock opened at $366.47 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The business’s 50-day simple moving average is $359.62 and its 200-day simple moving average is $358.30. The firm has a market capitalization of $21.81 billion, a PE ratio of 24.25, a PEG ratio of 1.79 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $393.41.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The business 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 firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. Equities research analysts forecast that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RL shares. Barclays raised their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Wells Fargo & Company raised their target price on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Jefferies Financial Group cut their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $428.29.

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.