Ralph Lauren Corporation (RL) Position Cut by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lowered its position in shares of Ralph Lauren Corporation (NYSE:RL) by 21.9% during the second quarter, Holdings Channel reports. The firm owned 4,645 shares of the textile maker’s stock after selling 1,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Ralph Lauren Corporation were worth $320,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Intellectus Partners LLC boosted its stake in Ralph Lauren Corporation by 18.2% in the first quarter. Intellectus Partners LLC now owns 1,300 shares of the textile maker’s stock worth $107,000 after buying an additional 200 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Ralph Lauren Corporation during the first quarter worth about $110,000. Daiwa Securities Group Inc. boosted its stake in Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. boosted its stake in Ralph Lauren Corporation by 97.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after buying an additional 979 shares during the period. Finally, Engine Capital Management LLC purchased a new stake in Ralph Lauren Corporation during the first quarter worth about $163,000. Institutional investors own 58.45% of the company’s stock.
Ralph Lauren Corporation (RL) traded down 0.07% on Friday, reaching $83.78. 1,573,352 shares of the company traded hands. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The firm’s market cap is $6.84 billion. The stock has a 50-day moving average price of $75.13 and a 200-day moving average price of $77.11.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.15. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 EPS. Analysts anticipate that Ralph Lauren Corporation will post $5.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, June 28th. Ralph Lauren Corporation’s dividend payout ratio is currently -869.57%.
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A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies set a $66.00 price target on shares of Ralph Lauren Corporation and gave the company a “sell” rating in a report on Friday, May 19th. ValuEngine lowered shares of Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a “hold” rating and set a $80.00 price objective (up previously from $78.00) on shares of Ralph Lauren Corporation in a research report on Tuesday, July 18th. Bank of America Corporation reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Ralph Lauren Corporation in a research report on Thursday, July 27th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $68.00 price objective on shares of Ralph Lauren Corporation in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $88.56.
Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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