State of Wisconsin Investment Board grew its holdings in Ralph Lauren Corp (NYSE:RL) by 0.6% during the 1st quarter, Holdings Channel reports. The firm owned 116,210 shares of the textile maker’s stock after purchasing an additional 680 shares during the period. State of Wisconsin Investment Board’s holdings in Ralph Lauren were worth $15,070,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc grew its position in shares of Ralph Lauren by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 6,708,738 shares of the textile maker’s stock valued at $922,788,000 after buying an additional 137,325 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Ralph Lauren by 13.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,669 shares of the textile maker’s stock worth $690,000 after purchasing an additional 779 shares during the period. TD Asset Management Inc. boosted its position in Ralph Lauren by 7.3% during the fourth quarter. TD Asset Management Inc. now owns 17,414 shares of the textile maker’s stock worth $1,802,000 after purchasing an additional 1,187 shares during the period. Janney Montgomery Scott LLC boosted its position in Ralph Lauren by 13.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,024 shares of the textile maker’s stock worth $209,000 after purchasing an additional 240 shares during the period. Finally, LS Investment Advisors LLC boosted its position in Ralph Lauren by 5.2% during the fourth quarter. LS Investment Advisors LLC now owns 2,799 shares of the textile maker’s stock worth $290,000 after purchasing an additional 139 shares during the period. 66.17% of the stock is currently owned by institutional investors.
NYSE RL traded up $0.40 during trading on Wednesday, hitting $114.26. 16,765 shares of the company’s stock were exchanged, compared to its average volume of 1,052,012. The company has a current ratio of 3.00, a quick ratio of 2.31 and a debt-to-equity ratio of 0.21. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.40 and a beta of 0.85. Ralph Lauren Corp has a fifty-two week low of $95.63 and a fifty-two week high of $147.79.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, May 14th. The textile maker reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.14. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts predict that Ralph Lauren Corp will post 7.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.6875 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.75 annualized dividend and a yield of 2.41%. Ralph Lauren’s payout ratio is presently 34.77%.
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of Ralph Lauren from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $135.00 to $145.00 in a research report on Thursday, May 9th. Citigroup reaffirmed a “neutral” rating and issued a $131.00 price target on shares of Ralph Lauren in a research note on Monday, March 18th. Deutsche Bank dropped their price target on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. OTR Global raised Ralph Lauren to a “positive” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Co raised Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $136.06.
In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $105.23, for a total transaction of $7,516,368.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.49% of the stock is currently owned by insiders.
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Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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