Ralph Lauren Co. (NYSE:RL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in Ralph Lauren Co. (NYSE:RL) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,296 shares of the textile maker’s stock after selling 505 shares during the period. State of Alaska Department of Revenue’s holdings in Ralph Lauren were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of RL. Financial Gravity Asset Management Inc. boosted its stake in Ralph Lauren by 99.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 122 shares in the last quarter. Spire Wealth Management boosted its stake in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in Ralph Lauren by 119.9% in the third quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 187 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth about $46,000. Finally, Penserra Capital Management LLC boosted its stake in shares of Ralph Lauren by 98.9% during the third quarter. Penserra Capital Management LLC now owns 527 shares of the textile maker’s stock worth $60,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.9 %

Shares of Ralph Lauren stock opened at $164.97 on Friday. Ralph Lauren Co. has a 12-month low of $103.17 and a 12-month high of $192.03. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.55 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The company has a 50-day moving average of $177.77 and a two-hundred day moving average of $145.40.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $3.35 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a yield of 1.82%. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RL shares. Raymond James increased their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. UBS Group increased their target price on shares of Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.64.

About Ralph Lauren

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.