GSA Capital Partners LLP Sells 2,916 Shares of Ralph Lauren Corporation $RL

GSA Capital Partners LLP reduced its position in shares of Ralph Lauren Corporation (NYSE:RL) by 44.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,669 shares of the textile maker’s stock after selling 2,916 shares during the quarter. GSA Capital Partners LLP’s holdings in Ralph Lauren were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RL. Hantz Financial Services Inc. increased its position in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 86 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Ralph Lauren in the second quarter worth about $28,000. Rothschild Investment LLC increased its holdings in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. MUFG Securities EMEA plc bought a new position in Ralph Lauren during the 2nd quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 2.1%

NYSE:RL opened at $378.31 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The firm’s 50-day moving average price is $361.65 and its 200-day moving average price is $334.78. The company has a market capitalization of $22.90 billion, a PE ratio of 25.75, a P/E/G ratio of 1.46 and a beta of 1.49. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $380.86.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. Ralph Lauren’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.82 earnings per share. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 24.85%.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Evercore set a $420.00 price objective on shares of Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Citigroup raised their target price on shares of Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Jefferies Financial Group reduced their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Guggenheim started coverage on shares of Ralph Lauren in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $388.19.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares in the company, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.34% of the stock is currently owned by company insiders.

About Ralph Lauren

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.