Boston Common Asset Management LLC Sells 11,113 Shares of Ralph Lauren Corporation $RL

Key Points

• Boston Common Asset Management LLC has reduced its stake in Ralph Lauren Corporation by 25.9%, now holding 31,848 shares valued at approximately $8.7 million after selling 11,113 shares in the recent quarter.
• Ralph Lauren reported $3.77 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and marking a 13.7% increase in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $0.9125 to be paid on October 10th, yielding an annualized dividend of 1.1%, with a payout ratio of 29.15%.

Boston Common Asset Management LLC trimmed its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 25.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,848 shares of the textile maker's stock after selling 11,113 shares during the period. Boston Common Asset Management LLC owned approximately 0.05% of Ralph Lauren worth $8,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Sentry Investment Management LLC increased its stake in Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after acquiring an additional 89 shares during the period. Banque Transatlantique SA bought a new position in Ralph Lauren during the first quarter valued at about $33,000. Brooklyn Investment Group increased its stake in Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after acquiring an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren during the first quarter valued at about $39,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren during the first quarter valued at about $43,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

NYSE:RL opened at $322.06 on Friday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $325.81. The firm has a 50 day moving average of $303.22 and a 200-day moving average of $270.11. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $19.51 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. Ralph Lauren's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 26th. Ralph Lauren's payout ratio is 29.15%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Evercore ISI lifted their price objective on Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Barclays decreased their price objective on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ralph Lauren in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $320.53.

Ralph Lauren Profile

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.

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