Savant Capital LLC cut its stake in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) by 93.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258 shares of the textile maker’s stock after selling 16,881 shares during the quarter. Savant Capital LLC’s holdings in Ralph Lauren were worth $445,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Ralph Lauren during the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of Ralph Lauren during the 2nd quarter worth $28,000. Aventura Private Wealth LLC bought a new stake in shares of Ralph Lauren during the 4th quarter worth $29,000. Rothschild Investment LLC boosted its stake in shares of Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Ralph Lauren during the 2nd quarter worth $32,000. 67.91% of the stock is owned by institutional investors.
Ralph Lauren Stock Performance
Shares of Ralph Lauren stock opened at $366.47 on Friday. The stock has a market cap of $21.81 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35. The business has a fifty day simple moving average of $359.62 and a 200-day simple moving average of $358.30. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41.
Ralph Lauren Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $1.00 per share. This is a positive change 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 is Friday, June 26th. Ralph Lauren’s dividend payout ratio is 24.16%.
Analysts Set New Price Targets
Several analysts have recently commented on RL shares. BTIG Research reaffirmed a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. UBS Group raised their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company raised their target price on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $428.29.
Read Our Latest Research Report on RL
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.
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