Royce & Associates LP lessened its position in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,843 shares of the textile maker’s stock after selling 12,654 shares during the quarter. Royce & Associates LP’s holdings in Ralph Lauren were worth $27,526,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after buying an additional 174 shares during the period. Empowered Funds LLC grew its position in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after buying an additional 114 shares during the period. Woodline Partners LP grew its position in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after buying an additional 954 shares during the period. Focus Partners Wealth grew its position in shares of Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after purchasing an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Ralph Lauren in the second quarter valued at about $386,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
Ralph Lauren Stock Up 0.0%
Shares of NYSE RL opened at $377.89 on Tuesday. The company’s 50-day simple moving average is $354.87 and its 200-day simple moving average is $356.04. 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 firm has a market cap of $22.88 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41.
Ralph Lauren Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $1.00 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s payout ratio is 24.16%.
Analyst Upgrades and Downgrades
RL has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research report on Friday. BTIG Research reiterated a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a research report on Friday. Barclays lifted their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America lifted their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.
Read Our Latest Stock Report on RL
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.
Featured Stories
- Five stocks we like better than Ralph Lauren
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corporation (NYSE:RL – Free Report).
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.
