Dana Investment Advisors Inc. Has $4.14 Million Holdings in Ralph Lauren Corporation $RL

Dana Investment Advisors Inc. trimmed its position in Ralph Lauren Corporation (NYSE:RL) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,206 shares of the textile maker’s stock after selling 2,427 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Ralph Lauren were worth $4,141,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RL. Hantz Financial Services Inc. lifted its position in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 86 shares in the last quarter. Rothschild Investment LLC raised its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren during the 2nd quarter valued at $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the second quarter valued at $32,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Ralph Lauren by 57.1% in the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 2.3%

RL stock opened at $373.44 on Wednesday. The firm has a market cap of $22.61 billion, a PE ratio of 25.42, a PEG ratio of 1.42 and a beta of 1.49. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The company has a fifty day simple moving average of $362.05 and a 200 day simple moving average of $337.29. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business posted $4.82 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s payout ratio is 24.85%.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 38.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RL shares. Barclays set a $416.00 price objective on Ralph Lauren and gave the stock an “overweight” rating in a research note on Friday, February 6th. Zacks Research upgraded Ralph Lauren from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Guggenheim started coverage on shares of Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Argus boosted their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $388.19.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.