Mutual of America Capital Management LLC Has $2.13 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Mutual of America Capital Management LLC cut its stake in shares of Ralph Lauren Co. (NYSE:RLGet Rating) by 15.8% in the first quarter, Holdings Channel reports. The firm owned 18,784 shares of the textile maker’s stock after selling 3,529 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ralph Lauren were worth $2,131,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RL. State of Michigan Retirement System lifted its holdings in Ralph Lauren by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,316 shares of the textile maker’s stock worth $1,464,000 after acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Ralph Lauren during the fourth quarter worth about $380,000. State of New Jersey Common Pension Fund D lifted its holdings in Ralph Lauren by 3.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,124 shares of the textile maker’s stock worth $3,343,000 after acquiring an additional 936 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Ralph Lauren by 27.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,565 shares of the textile maker’s stock worth $1,375,000 after acquiring an additional 2,457 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new position in Ralph Lauren during the fourth quarter worth about $1,089,000. 99.89% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $98.63 on Friday. The firm has a market cap of $6.91 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.30 and a beta of 1.38. The company has a current ratio of 1.87, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. Ralph Lauren Co. has a 1-year low of $86.54 and a 1-year high of $135.99. The business’s 50 day moving average is $95.43 and its 200-day moving average is $106.64.

Ralph Lauren (NYSE:RLGet Rating) last announced its earnings results on Tuesday, May 24th. The textile maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.19. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Ralph Lauren had a return on equity of 23.00% and a net margin of 9.65%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Equities research analysts predict that Ralph Lauren Co. will post 8.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, June 30th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.69. Ralph Lauren’s dividend payout ratio (DPR) is 37.41%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Cowen reduced their target price on Ralph Lauren to $142.00 in a report on Monday, July 25th. Wells Fargo & Company cut their price target on Ralph Lauren to $95.00 in a report on Wednesday, May 25th. Credit Suisse Group dropped their target price on Ralph Lauren from $165.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. Citigroup lowered Ralph Lauren from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $98.00 in a report on Monday, May 23rd. Finally, The Goldman Sachs Group dropped their target price on Ralph Lauren from $85.00 to $78.00 and set a “sell” rating on the stock in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.29.

Ralph Lauren Company Profile

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Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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