Triglav Investments D.O.O. Reduces Holdings in Ralph Lauren Corporation $RL

Triglav Investments D.O.O. decreased its holdings in Ralph Lauren Corporation (NYSE:RL) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,550 shares of the textile maker’s stock after selling 2,000 shares during the quarter. Ralph Lauren accounts for about 0.9% of Triglav Investments D.O.O.’s investment portfolio, making the stock its 26th largest position. Triglav Investments D.O.O. owned approximately 0.06% of Ralph Lauren worth $13,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RL. Orion Porfolio Solutions LLC boosted its holdings in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Ralph Lauren in the third quarter worth approximately $74,841,000. Two Sigma Investments LP lifted 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 purchasing an additional 209,330 shares in the last quarter. Scopus Asset Management L.P. lifted 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 purchasing an additional 145,189 shares in the last quarter. Finally, SG Americas Securities LLC lifted 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 purchasing an additional 116,211 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $364.14 on Friday. Ralph Lauren Corporation has a 1-year low of $258.13 and a 1-year high of $393.41. The firm’s 50 day simple moving average is $357.54 and its two-hundred day simple moving average is $357.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The company has a market capitalization of $22.04 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.85 and a beta of 1.37.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts expect that Ralph Lauren Corporation will post 18.22 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RL shares. UBS Group lifted their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a report on Friday, May 22nd. Bank of America lifted their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price target for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.