American Century Companies Inc. Sells 31,291 Shares of Ralph Lauren Corporation $RL

American Century Companies Inc. reduced its position in shares of Ralph Lauren Corporation (NYSE:RL) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,621 shares of the textile maker’s stock after selling 31,291 shares during the period. American Century Companies Inc. owned about 0.32% of Ralph Lauren worth $53,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Invesco Ltd. boosted its position in Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after buying an additional 275,391 shares during the period. AQR Capital Management LLC raised its stake in shares of Ralph Lauren by 55.7% during the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ralph Lauren by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after purchasing an additional 15,785 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after purchasing an additional 117,494 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after purchasing an additional 210,343 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 1.8%

NYSE:RL opened at $371.17 on Friday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $374.00. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.63 and a beta of 1.61. The firm has a fifty day simple moving average of $326.57 and a two-hundred day simple moving average of $300.84.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is currently 26.98%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Jefferies Financial Group raised their price objective on Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Telsey Advisory Group upped their target price on Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, TD Cowen boosted their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $347.13.

Ralph Lauren Profile

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.