Cwm LLC Decreases Stake in Ralph Lauren Co. (NYSE:RL)

Cwm LLC decreased its position in Ralph Lauren Co. (NYSE:RL – Get Rating) by 31.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334 shares of the textile maker’s stock after selling 154 shares during the period. Cwm LLC’s holdings in Ralph Lauren were worth $28,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Advisor Group Holdings Inc. increased its stake in Ralph Lauren by 40.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,225 shares of the textile maker’s stock valued at $366,000 after buying an additional 930 shares during the last quarter. Raymond James & Associates increased its stake in Ralph Lauren by 451.8% in the 1st quarter. Raymond James & Associates now owns 21,696 shares of the textile maker’s stock valued at $2,461,000 after buying an additional 17,764 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ralph Lauren by 22.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,048 shares of the textile maker’s stock valued at $233,000 after acquiring an additional 379 shares during the period. MetLife Investment Management LLC grew its position in shares of Ralph Lauren by 16.8% during the 1st quarter. MetLife Investment Management LLC now owns 12,575 shares of the textile maker’s stock valued at $1,427,000 after acquiring an additional 1,808 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Ralph Lauren by 6.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 10,892 shares of the textile maker’s stock valued at $1,283,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrice Louvet sold 18,500 shares of Ralph Lauren stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $120.00, for a total transaction of $2,220,000.00. Following the sale, the chief executive officer now owns 220,832 shares of the company’s stock, valued at approximately $26,499,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 36.56% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $121.05 on Friday. The firm’s fifty day moving average price is $109.49 and its 200-day moving average price is $99.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.27 and a current ratio of 2.01. The stock has a market cap of $7.99 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 3.56 and a beta of 1.36. Ralph Lauren Co. has a fifty-two week low of $82.23 and a fifty-two week high of $135.99.

Ralph Lauren (NYSE:RL – Get Rating) last issued its earnings results on Thursday, November 10th. The textile maker reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.14. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Ralph Lauren had a net margin of 8.05% and a return on equity of 21.97%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.62 EPS. On average, equities research analysts expect that Ralph Lauren Co. will post 7.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, December 29th. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.78%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RL. Cowen increased their target price on shares of Ralph Lauren from $132.00 to $148.00 in a research report on Monday, December 12th. Cowen increased their target price on shares of Ralph Lauren from $132.00 to $148.00 in a research report on Monday, December 12th. UBS Group raised their price objective on shares of Ralph Lauren from $128.00 to $130.00 in a report on Friday, November 11th. Barclays raised shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $101.00 to $134.00 in a report on Friday. Finally, TheStreet raised shares of Ralph Lauren from a “c+” rating to a “b-” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $120.92.

Ralph Lauren Profile

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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.