Absher Wealth Management LLC Trims Holdings in Ralph Lauren Corporation $RL

Absher Wealth Management LLC lowered its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 80,602 shares of the textile maker's stock after selling 6,991 shares during the quarter. Ralph Lauren makes up about 3.4% of Absher Wealth Management LLC's investment portfolio, making the stock its 16th largest holding. Absher Wealth Management LLC owned approximately 0.13% of Ralph Lauren worth $28,502,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RL. Chicago Partners Investment Group LLC boosted its stake in shares of Ralph Lauren by 20.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 3,387 shares of the textile maker's stock valued at $1,244,000 after purchasing an additional 582 shares in the last quarter. waypoint wealth counsel purchased a new position in shares of Ralph Lauren during the 4th quarter worth approximately $295,000. HB Wealth Management LLC raised its position in shares of Ralph Lauren by 33.9% in the 4th quarter. HB Wealth Management LLC now owns 2,522 shares of the textile maker's stock worth $892,000 after acquiring an additional 638 shares in the last quarter. Caprock Group LLC raised its position in shares of Ralph Lauren by 28.8% in the 4th quarter. Caprock Group LLC now owns 9,764 shares of the textile maker's stock worth $3,462,000 after acquiring an additional 2,185 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Ralph Lauren by 6,216.7% in the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker's stock valued at $25,933,000 after purchasing an additional 72,176 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RL. Citigroup upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price target for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Barclays increased their price objective on Ralph Lauren from $416.00 to $430.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a report on Thursday, January 8th. BTIG Research upped their target price on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, Jefferies Financial Group decreased their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $399.19.

Ralph Lauren Stock Down 1.0%

Shares of NYSE:RL opened at $371.47 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $358.58 and a two-hundred day simple moving average of $351.76. Ralph Lauren Corporation has a 12-month low of $213.70 and a 12-month high of $393.41. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.32 and a beta of 1.46.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts' consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.82 earnings per share. On average, research analysts anticipate that Ralph Lauren Corporation will post 16.25 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, March 27th. Ralph Lauren's dividend payout ratio (DPR) is currently 24.85%.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer directly owned 85,552 shares of the company's stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 38.34% of the company's stock.

Ralph Lauren Company Profile

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.

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