Ralph Lauren Co. (NYSE:RL) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda decreased its position in Ralph Lauren Co. (NYSE:RLFree Report) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,870 shares of the textile maker’s stock after selling 1,034 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Ralph Lauren were worth $270,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RL. Financial Gravity Asset Management Inc. lifted its stake in Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Ralph Lauren in the fourth quarter worth $45,000. TFO Wealth Partners LLC increased its position in Ralph Lauren by 113,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock worth $163,000 after buying an additional 1,132 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at $188,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Ralph Lauren during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE RL traded down $2.13 during trading on Tuesday, hitting $180.80. The company’s stock had a trading volume of 100,810 shares, compared to its average volume of 962,710. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $171.18 and a 200 day moving average price of $163.97. The firm has a market cap of $11.30 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Ralph Lauren Co. has a 52 week low of $108.60 and a 52 week high of $192.03.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. Equities research analysts forecast that Ralph Lauren Co. will post 11.07 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.825 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, June 28th. Ralph Lauren’s payout ratio is currently 30.86%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RL. UBS Group lifted their target price on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Guggenheim reiterated a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Jefferies Financial Group began coverage on Ralph Lauren in a research report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price target for the company. TD Cowen increased their price target on Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price target on shares of Ralph Lauren in a research report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $170.50.

Get Our Latest Stock Report on Ralph Lauren

Insider Transactions at Ralph Lauren

In other news, COO Jane Nielsen sold 67,243 shares of Ralph Lauren stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the sale, the chief operating officer now owns 44,591 shares of the company’s stock, valued at approximately $7,636,208.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.09% of the stock is owned by insiders.

Ralph Lauren Company Profile

(Free Report)

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

See Also

Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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