Crossmark Global Holdings Inc. Cuts Position in Ralph Lauren Corporation $RL

Crossmark Global Holdings Inc. reduced its position in Ralph Lauren Corporation (NYSE:RL) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,553 shares of the textile maker’s stock after selling 1,938 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $8,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren in the second quarter worth $28,000. MAI Capital Management raised its stake in shares of Ralph Lauren by 248.4% in the 3rd quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 77 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Ralph Lauren in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research report on Thursday, January 8th. Zacks Research upgraded Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Argus upped their target price on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Barclays increased their target price on Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday. Finally, UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $389.06.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $338.90 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The business has a 50 day moving average price of $361.53 and a two-hundred day moving average price of $340.40. The firm has a market cap of $20.52 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47.

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

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 24.85%.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 38.34% of the stock is owned by company insiders.

Ralph Lauren Profile

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.