Quadrature Capital Ltd Cuts Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Quadrature Capital Ltd reduced its stake in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) by 40.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,123 shares of the textile maker’s stock after selling 2,140 shares during the quarter. Quadrature Capital Ltd’s holdings in Ralph Lauren were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at $25,000. South Dakota Investment Council purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at $51,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at $68,000. Covestor Ltd raised its stake in shares of Ralph Lauren by 89.6% in the 1st quarter. Covestor Ltd now owns 916 shares of the textile maker’s stock valued at $104,000 after acquiring an additional 433 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Ralph Lauren in the 1st quarter valued at $200,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RL shares. Cowen raised their target price on shares of Ralph Lauren from $148.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $90.00 to $100.00 and gave the company a “sell” rating in a report on Friday, February 10th. Cowen raised their price target on shares of Ralph Lauren from $132.00 to $148.00 in a report on Monday, December 12th. Credit Suisse Group raised their price target on shares of Ralph Lauren from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Finally, Bank of America raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the company from $130.00 to $145.00 in a report on Monday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Hold” and a consensus price target of $124.86.

Ralph Lauren Trading Down 2.3 %

NYSE RL opened at $110.72 on Tuesday. Ralph Lauren Co. has a one year low of $82.23 and a one year high of $128.94. The company has a 50-day simple moving average of $119.29 and a 200-day simple moving average of $105.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.37 and a current ratio of 2.08. The firm has a market capitalization of $7.31 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.50 and a beta of 1.37.

Ralph Lauren (NYSE:RL – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The textile maker reported $3.35 EPS for the quarter, beating the consensus estimate of $2.91 by $0.44. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. Ralph Lauren had a net margin of 8.01% and a return on equity of 22.88%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 EPS. On average, equities analysts forecast that Ralph Lauren Co. will post 8.11 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $3.00 annualized dividend and a yield of 2.71%. Ralph Lauren’s dividend payout ratio is presently 40.27%.

Insider Activity at Ralph Lauren

In related news, CEO Patrice Louvet sold 18,500 shares of Ralph Lauren stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $125.00, for a total value of $2,312,500.00. Following the sale, the chief executive officer now directly owns 202,332 shares in the company, valued at approximately $25,291,500. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 36.56% of the stock is currently owned by insiders.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed products. 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.