Stifel Financial Corp Trims Stock Position in Ralph Lauren Co. (NYSE:RL)

Stifel Financial Corp trimmed its stake in shares of Ralph Lauren Co. (NYSE:RLFree Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,266 shares of the textile maker’s stock after selling 2,936 shares during the quarter. Stifel Financial Corp owned about 0.07% of Ralph Lauren worth $6,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RL. Financial Gravity Asset Management Inc. raised its holdings in Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares in the last quarter. Spire Wealth Management increased its position in Ralph Lauren by 47.9% during the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after purchasing an additional 102 shares during the period. GAMMA Investing LLC purchased a new position in shares of Ralph Lauren during the 4th quarter worth approximately $45,000. Headlands Technologies LLC acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $46,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Ralph Lauren in the third quarter valued at approximately $188,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ralph Lauren

In other news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the transaction, the chief operating officer now directly owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RL shares. Wells Fargo & Company cut their price objective on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. TD Cowen increased their price target on shares of Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price objective on the stock. UBS Group increased their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Ralph Lauren in a research note on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.50.

Check Out Our Latest Stock Report on RL

Ralph Lauren Stock Performance

NYSE RL opened at $181.77 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $192.03. The business has a fifty day moving average of $170.05 and a 200-day moving average of $160.54.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $0.90 EPS. Ralph Lauren’s revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Ralph Lauren Co. will post 11.08 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.825 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, June 28th. This represents a $3.30 annualized dividend and a yield of 1.82%. Ralph Lauren’s dividend payout ratio is 30.86%.

Ralph Lauren Company Profile

(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.

See Also

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

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