US Bancorp DE Reduces Stock Holdings in Ralph Lauren Co. (NYSE:RL)

US Bancorp DE lowered its position in Ralph Lauren Co. (NYSE:RL) by 34.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,214 shares of the textile maker’s stock after selling 646 shares during the quarter. US Bancorp DE’s holdings in Ralph Lauren were worth $142,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sentry Investment Management LLC boosted its stake in Ralph Lauren by 254.3% during the fourth quarter. Sentry Investment Management LLC now owns 287 shares of the textile maker’s stock worth $30,000 after buying an additional 206 shares during the period. US Asset Management LLC purchased a new position in Ralph Lauren during the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. boosted its stake in Ralph Lauren by 240.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 510 shares of the textile maker’s stock worth $54,000 after buying an additional 360 shares during the period. Asset Management One Co. Ltd. boosted its stake in Ralph Lauren by 52.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 536 shares of the textile maker’s stock worth $56,000 after buying an additional 185 shares during the period. Finally, Ronald Blue Trust Inc. boosted its stake in Ralph Lauren by 59.8% during the first quarter. Ronald Blue Trust Inc. now owns 692 shares of the textile maker’s stock worth $73,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.3 %

RL stock opened at $116.18 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a twelve month low of $82.23 and a twelve month high of $135.76. The company’s 50 day moving average is $123.76 and its two-hundred day moving average is $118.25. The stock has a market cap of $7.58 billion, a P/E ratio of 14.86, a PEG ratio of 0.89 and a beta of 1.40.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 10th. The textile maker reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.19. Ralph Lauren had a net margin of 8.24% and a return on equity of 24.97%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts expect that Ralph Lauren Co. will post 9.48 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.58%. Ralph Lauren’s payout ratio is currently 38.36%.

Analysts Set New Price Targets

Several brokerages have weighed in on RL. Wedbush reaffirmed a “neutral” rating and set a $125.00 target price on shares of Ralph Lauren in a research note on Friday, August 11th. TD Cowen reduced their price target on shares of Ralph Lauren from $150.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. Telsey Advisory Group reissued an “outperform” rating and set a $155.00 price target on shares of Ralph Lauren in a research report on Friday, August 11th. Barclays increased their price target on shares of Ralph Lauren from $139.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Ralph Lauren from $127.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.00.

Insiders Place Their Bets

In other news, CEO Patrice Louvet sold 9,272 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $125.00, for a total transaction of $1,159,000.00. Following the transaction, the chief executive officer now directly owns 193,060 shares in the company, valued at $24,132,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.09% of the stock is owned by corporate insiders.

About Ralph Lauren

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.