Fisher Asset Management LLC Sells 5,040 Shares of Ralph Lauren Corporation $RL

Fisher Asset Management LLC reduced its position in Ralph Lauren Corporation (NYSE:RL) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 328,565 shares of the textile maker’s stock after selling 5,040 shares during the quarter. Fisher Asset Management LLC’s holdings in Ralph Lauren were worth $116,184,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after buying an additional 31 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after buying an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after buying an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Ralph Lauren by 23.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after buying an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC boosted its holdings in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after buying an additional 34 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 0.0%

RL stock opened at $377.89 on Tuesday. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $393.41. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $22.88 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The firm has a 50 day moving average of $354.87 and a 200 day moving average of $356.04.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.81%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm posted $2.27 EPS. Ralph Lauren’s revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts forecast that Ralph Lauren Corporation will post 18.12 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is 24.16%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RL shares. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. UBS Group raised 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Thursday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a research note on Thursday. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $428.29.

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.