Toronto Dominion Bank decreased its position in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,341 shares of the textile maker’s stock after selling 1,564 shares during the quarter. Toronto Dominion Bank’s holdings in Ralph Lauren were worth $878,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in RL. AdvisorNet Financial Inc acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $25,000. CWM LLC lifted its position in shares of Ralph Lauren by 112.2% during the 2nd quarter. CWM LLC now owns 488 shares of the textile maker’s stock valued at $44,000 after buying an additional 258 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $68,000. Covestor Ltd lifted its position in shares of Ralph Lauren by 89.6% during the 1st quarter. Covestor Ltd now owns 916 shares of the textile maker’s stock valued at $104,000 after buying an additional 433 shares in the last quarter. Finally, Sycomore Asset Management purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $176,000. Institutional investors and hedge funds own 66.09% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on RL. Deutsche Bank Aktiengesellschaft increased their target price on Ralph Lauren from $97.00 to $114.00 and gave the company a “hold” rating in a research report on Monday, February 6th. Citigroup increased their target price on Ralph Lauren from $92.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. BMO Capital Markets lowered Ralph Lauren from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $96.00 to $100.00 in a report on Friday, January 27th. The Goldman Sachs Group raised their price objective on Ralph Lauren from $90.00 to $100.00 and gave the company a “sell” rating in a report on Friday, February 10th. Finally, UBS Group raised their price objective on Ralph Lauren from $128.00 to $130.00 in a report on Friday, November 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $124.86.
Insider Buying and Selling at Ralph Lauren
Ralph Lauren Stock Down 0.6 %
NYSE RL opened at $122.12 on Wednesday. Ralph Lauren Co. has a 52 week low of $82.23 and a 52 week high of $135.99. The company has a quick ratio of 1.37, a current ratio of 2.08 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $114.80 and its 200-day simple moving average is $102.70. The firm has a market cap of $8.06 billion, a PE ratio of 16.39, a P/E/G ratio of 2.71 and a beta of 1.38.
Ralph Lauren (NYSE:RL – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The textile maker reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.44. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. As a group, equities analysts anticipate that Ralph Lauren Co. will post 7.92 earnings per share for the current year.
Ralph Lauren Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, December 29th. Ralph Lauren’s dividend payout ratio is currently 40.27%.
About Ralph Lauren
Ralph Lauren Corp. engages in the design, marketing, and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed products. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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