Allspring Global Investments Holdings LLC Sells 2,323 Shares of Ralph Lauren Co. (NYSE:RL)

Allspring Global Investments Holdings LLC cut its holdings in Ralph Lauren Co. (NYSE:RL) by 47.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,578 shares of the textile maker’s stock after selling 2,323 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ralph Lauren were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Financial Gravity Asset Management Inc. boosted its position in Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 122 shares in the last quarter. Spire Wealth Management boosted its position in Ralph Lauren by 47.9% during the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares in the last quarter. Headlands Technologies LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at approximately $46,000. CWM LLC boosted its position in Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 116 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at approximately $87,000. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RL has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price target on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. UBS Group boosted their price target on Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target (up from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. Raymond James boosted their price target on Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $155.64.

Ralph Lauren Price Performance

Shares of RL opened at $166.48 on Friday. The firm has a market cap of $10.64 billion, a PE ratio of 18.88, a P/E/G ratio of 0.98 and a beta of 1.53. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $177.23 and a two-hundred day simple moving average of $148.74. Ralph Lauren Co. has a 1-year low of $103.17 and a 1-year high of $192.03.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 EPS. On average, equities analysts anticipate that Ralph Lauren Co. will post 10.23 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio is currently 34.01%.

Ralph Lauren Company 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.