Ralph Lauren Corporation $RL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in Ralph Lauren Corporation (NYSE:RL) by 0.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,826,928 shares of the textile maker’s stock after selling 4,486 shares during the period. Vanguard Group Inc. owned about 0.08% of Ralph Lauren worth $1,513,532,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its stake in Ralph Lauren by 125.2% in the third quarter. Assetmark Inc. now owns 527 shares of the textile maker’s stock valued at $165,000 after acquiring an additional 293 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Ralph Lauren by 541.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,343 shares of the textile maker’s stock worth $16,413,000 after purchasing an additional 44,180 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Ralph Lauren by 13.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 32,081 shares of the textile maker’s stock valued at $10,059,000 after purchasing an additional 3,923 shares during the period. Caprock Group LLC acquired a new position in Ralph Lauren during the 3rd quarter valued at approximately $2,251,000. Finally, ING Groep NV grew its stake in Ralph Lauren by 33.1% during the 3rd quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock worth $8,020,000 after buying an additional 6,354 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 38.34% of the company’s stock.

Ralph Lauren Stock Up 2.2%

Ralph Lauren stock opened at $385.06 on Friday. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $389.15. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.47 and a beta of 1.49. The company’s 50-day moving average price is $362.12 and its two-hundred day moving average price is $335.64. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50.

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

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.85%.

Analyst Ratings Changes

RL has been the topic of a number of recent research reports. Zacks Research upgraded Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group dropped their price objective on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a research note on Thursday, January 8th. Argus raised their price target on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, UBS Group lifted their price target on Ralph Lauren from $474.00 to $477.00 and gave the company a “buy” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $388.19.

Ralph Lauren Company 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.