Ralph Lauren Corporation $RL Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC reduced its position in Ralph Lauren Corporation (NYSE:RL) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,187 shares of the textile maker’s stock after selling 1,384 shares during the period. Boston Common Asset Management LLC’s holdings in Ralph Lauren were worth $10,040,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the period. Invesco Ltd. lifted its stake in Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after buying an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 38.6% in the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after acquiring an additional 245,242 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Ralph Lauren by 70.5% during the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $380.64 on Monday. Ralph Lauren Corporation has a 12 month low of $273.04 and a 12 month high of $421.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The business has a 50 day simple moving average of $379.56 and a 200-day simple moving average of $366.38. The stock has a market capitalization of $22.66 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $1.00 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 26.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $430.07.

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.