Kapitalo Investimentos Ltda Sells 1,034 Shares of Ralph Lauren Co. (NYSE:RL)

Kapitalo Investimentos Ltda trimmed its holdings in Ralph Lauren Co. (NYSE:RLFree Report) by 35.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,870 shares of the textile maker’s stock after selling 1,034 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Ralph Lauren were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. New York Life Investment Management LLC raised its stake in Ralph Lauren by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 12,999 shares of the textile maker’s stock worth $1,874,000 after acquiring an additional 82 shares in the last quarter. Financial Gravity Asset Management Inc. raised its stake in Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after acquiring an additional 122 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Ralph Lauren by 5.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,034 shares of the textile maker’s stock worth $352,000 after acquiring an additional 166 shares in the last quarter. QRG Capital Management Inc. raised its stake in Ralph Lauren by 8.8% during the fourth quarter. QRG Capital Management Inc. now owns 2,313 shares of the textile maker’s stock worth $334,000 after acquiring an additional 188 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Ralph Lauren by 11.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,990 shares of the textile maker’s stock worth $287,000 after acquiring an additional 197 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RL. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective on shares of Ralph Lauren in a research note on Thursday, May 23rd. UBS Group raised their target price on Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Guggenheim restated a “buy” rating and issued a $200.00 target price on shares of Ralph Lauren in a research note on Friday, May 24th. Wells Fargo & Company lowered their target price on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Finally, TD Cowen raised their target price on Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.50.

Check Out Our Latest Research Report on Ralph Lauren

Ralph Lauren Trading Down 1.2 %

RL traded down $2.13 during midday trading on Tuesday, reaching $180.80. 100,810 shares of the company were exchanged, compared to its average volume of 962,710. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.68 and a current ratio of 2.29. Ralph Lauren Co. has a one year low of $108.60 and a one year high of $192.03. The stock has a market capitalization of $11.30 billion, a P/E ratio of 18.83, a PEG ratio of 1.47 and a beta of 1.52. The stock’s 50-day simple moving average is $171.18 and its 200 day simple moving average is $163.97.

Ralph Lauren (NYSE:RLGet Free Report) last issued its earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business earned $0.90 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren Co. will post 11.07 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

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 issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s payout ratio is 30.86%.

Insider Activity

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the sale, the chief operating officer now owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.09% of the stock is currently owned by company insiders.

Ralph Lauren Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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