Ameriprise Financial Inc. Has $158.91 Million Holdings in Ralph Lauren Corporation $RL

Key Points

• Ameriprise Financial Inc. has reduced its stake in Ralph Lauren Corporation by 19.2%, selling 171,554 shares to own approximately 1.17% of the company valued at $158.9 million.
• Institutional investors have shown mixed activity, with MassMutual Private Wealth & Trust FSB boosting its position by 93.7% while other firms also increased their stakes significantly.
• Ralph Lauren reported a 13.7% year-over-year increase in revenue, with quarterly earnings of $3.77 per share exceeding analyst estimates and a stock repurchase plan of $1.5 billion approved by its Board of Directors.

Ameriprise Financial Inc. trimmed its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 19.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 719,875 shares of the textile maker's stock after selling 171,554 shares during the quarter. Ameriprise Financial Inc. owned about 1.17% of Ralph Lauren worth $158,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Ralph Lauren by 3.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker's stock worth $489,795,000 after buying an additional 70,544 shares during the last quarter. Invesco Ltd. increased its position in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock worth $333,958,000 after acquiring an additional 275,391 shares during the period. Price T Rowe Associates Inc. MD increased its position in Ralph Lauren by 1.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 942,720 shares of the textile maker's stock worth $217,750,000 after acquiring an additional 13,551 shares during the period. Jennison Associates LLC increased its position in Ralph Lauren by 16.5% during the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker's stock worth $124,870,000 after acquiring an additional 79,934 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Ralph Lauren by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 481,109 shares of the textile maker's stock worth $111,133,000 after acquiring an additional 6,981 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of NYSE:RL traded down $1.02 on Friday, hitting $296.63. The stock had a trading volume of 105,048 shares, compared to its average volume of 854,023. Ralph Lauren Corporation has a twelve month low of $168.24 and a twelve month high of $306.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The firm's 50 day moving average price is $288.21 and its 200-day moving average price is $259.85. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.53.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating the consensus estimate of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren announced that its board has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the textile maker to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

RL has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $262.00 to $324.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Telsey Advisory Group boosted their target price on shares of Ralph Lauren from $315.00 to $335.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Barclays reaffirmed an "overweight" rating and set a $360.00 target price (up previously from $321.00) on shares of Ralph Lauren in a research report on Friday, August 8th. Citigroup boosted their target price on shares of Ralph Lauren from $250.00 to $295.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $306.41.

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