Ralph Lauren Corporation $RL Stake Cut by Boston Common Asset Management LLC

Boston Common Asset Management LLC cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,116 shares of the textile maker’s stock after selling 3,107 shares during the quarter. Boston Common Asset Management LLC’s holdings in Ralph Lauren were worth $9,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Northwest Wealth Management LLC lifted its position in shares of Ralph Lauren by 31.3% in the fourth quarter. Northwest Wealth Management LLC now owns 906 shares of the textile maker’s stock worth $320,000 after purchasing an additional 216 shares in the last quarter. Spire Wealth Management grew its position in Ralph Lauren by 32.1% during the fourth quarter. Spire Wealth Management now owns 1,194 shares of the textile maker’s stock valued at $422,000 after purchasing an additional 290 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in Ralph Lauren by 4.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 7,749 shares of the textile maker’s stock valued at $2,740,000 after buying an additional 352 shares during the period. Mather Group LLC. lifted its position in Ralph Lauren by 10.8% in the 4th quarter. Mather Group LLC. now owns 1,913 shares of the textile maker’s stock worth $677,000 after buying an additional 187 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Ralph Lauren by 11.3% in the 4th quarter. Kathmere Capital Management LLC now owns 726 shares of the textile maker’s stock worth $257,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.34% of the stock is currently owned by corporate insiders.

Ralph Lauren Stock Down 0.2%

Shares of Ralph Lauren stock opened at $327.25 on Tuesday. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $389.15. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $354.00 and a two-hundred day moving average price of $345.20. The stock has a market capitalization of $19.81 billion, a P/E ratio of 22.28, a PEG ratio of 1.28 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 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 net margin of 11.73% and a return on equity of 37.97%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.82 earnings per share. Equities analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 24.85%.

Wall Street Analysts Forecast Growth

RL has been the topic of several research analyst reports. Weiss Ratings cut shares of Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 20th. Evercore set a $420.00 price objective on Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. Barclays boosted 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, March 6th. Jefferies Financial Group dropped their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $391.56.

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.