Janus Henderson Group PLC grew its position in Ralph Lauren Corp (NYSE:RL) by 231.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,027 shares of the textile maker’s stock after purchasing an additional 265,363 shares during the period. Janus Henderson Group PLC owned about 0.47% of Ralph Lauren worth $33,554,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of RL. Cornerstone Capital Management Holdings LLC. increased its position in shares of Ralph Lauren by 391.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 253,621 shares of the textile maker’s stock worth $22,391,000 after acquiring an additional 202,058 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Ralph Lauren by 2.0% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 48,442 shares of the textile maker’s stock worth $4,277,000 after acquiring an additional 962 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Ralph Lauren in the third quarter valued at $209,000. Caisse DE Depot ET Placement DU Quebec grew its position in Ralph Lauren by 3.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the textile maker’s stock valued at $2,013,000 after purchasing an additional 800 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in Ralph Lauren by 184.4% in the third quarter. Engineers Gate Manager LP now owns 21,434 shares of the textile maker’s stock valued at $1,892,000 after purchasing an additional 13,897 shares in the last quarter. Institutional investors own 66.87% of the company’s stock.
Shares of Ralph Lauren Corp (NYSE RL) traded up $0.96 on Thursday, hitting $105.94. 674,300 shares of the stock were exchanged, compared to its average volume of 1,042,019. Ralph Lauren Corp has a 52 week low of $66.06 and a 52 week high of $106.30. The company has a market cap of $8,610.00, a P/E ratio of 110.35, a PEG ratio of 2.13 and a beta of 0.65. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $1.90 EPS. The company’s quarterly revenue was down 8.6% on a year-over-year basis. analysts expect that Ralph Lauren Corp will post 5.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 208.33%.
A number of research firms recently weighed in on RL. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $100.14 to $80.00 in a research report on Wednesday, December 13th. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Cowen set a $95.00 target price on shares of Ralph Lauren and gave the company a “hold” rating in a research report on Thursday, November 16th. Finally, TheStreet raised shares of Ralph Lauren from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Six analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $88.66.
In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the sale, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 32.93% of the company’s stock.
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About Ralph Lauren
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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