Treasurer of the State of North Carolina Sells 392 Shares of Ralph Lauren Co. (NYSE:RL)

Treasurer of the State of North Carolina trimmed its position in shares of Ralph Lauren Co. (NYSE:RLFree Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,716 shares of the textile maker’s stock after selling 392 shares during the period. Treasurer of the State of North Carolina’s holdings in Ralph Lauren were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of RL. Amalgamated Bank raised its stake in shares of Ralph Lauren by 25.6% during the 3rd quarter. Amalgamated Bank now owns 15,935 shares of the textile maker’s stock valued at $1,850,000 after purchasing an additional 3,245 shares during the period. Spire Wealth Management increased its position in shares of Ralph Lauren by 47.9% during the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after buying an additional 102 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ralph Lauren by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,234 shares of the textile maker’s stock worth $54,822,000 after buying an additional 19,814 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Ralph Lauren by 140.2% in the third quarter. Van ECK Associates Corp now owns 11,035 shares of the textile maker’s stock valued at $1,281,000 after acquiring an additional 6,440 shares during the period. Finally, AlphaStar Capital Management LLC grew its stake in Ralph Lauren by 12.2% during the third quarter. AlphaStar Capital Management LLC now owns 3,596 shares of the textile maker’s stock valued at $417,000 after acquiring an additional 390 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $171.25, for a total value of $11,515,363.75. Following the sale, the chief operating officer now owns 44,591 shares of the company’s stock, valued at approximately $7,636,208.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 39.09% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $181.98 on Friday. The firm has a market cap of $11.38 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.51 and a beta of 1.52. The firm’s fifty day moving average is $170.16 and its 200 day moving average is $160.39. Ralph Lauren Co. has a 52 week low of $108.60 and a 52 week high of $192.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.68 and a current ratio of 2.29.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict that Ralph Lauren Co. will post 11.08 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.30 annualized dividend and a yield of 1.81%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s payout ratio is presently 30.86%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RL. Wells Fargo & Company lowered their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. UBS Group boosted their target price on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. The Goldman Sachs Group upped their target price on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Guggenheim reissued a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a report on Friday, May 24th. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $170.50.

Check Out Our Latest Report on RL

About Ralph Lauren

(Free Report)

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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