Ralph Lauren Corporation (NYSE:RL) Shares Sold by Lbp Am Sa

LBP AM SA lowered its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,195 shares of the textile maker's stock after selling 1,098 shares during the quarter. LBP AM SA's holdings in Ralph Lauren were worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC raised its holdings in Ralph Lauren by 8.8% during the first quarter. Linden Thomas Advisory Services LLC now owns 5,896 shares of the textile maker's stock worth $1,301,000 after purchasing an additional 479 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $248,000. Crossmark Global Holdings Inc. increased its holdings in shares of Ralph Lauren by 13.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker's stock valued at $4,987,000 after acquiring an additional 2,684 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Ralph Lauren by 20.4% in the 1st quarter. TD Private Client Wealth LLC now owns 537 shares of the textile maker's stock valued at $119,000 after acquiring an additional 91 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Ralph Lauren by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker's stock valued at $52,421,000 after acquiring an additional 17,732 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RL. Citigroup lifted their target price on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a report on Friday, May 23rd. BMO Capital Markets lifted their target price on shares of Ralph Lauren from $197.00 to $205.00 and gave the company an "underperform" rating in a report on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $310.00 target price on shares of Ralph Lauren in a report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $292.88.

Ralph Lauren Price Performance

Shares of NYSE RL traded down $3.17 during trading on Friday, hitting $286.70. 241,015 shares of the company were exchanged, compared to its average volume of 906,397. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.22 and a beta of 1.49. Ralph Lauren Corporation has a 1 year low of $155.96 and a 1 year high of $295.52. The firm's fifty day moving average price is $270.64 and its 200 day moving average price is $248.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.78 and a quick ratio of 1.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.00 by $0.27. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a net margin of 10.49% and a return on equity of 31.76%. The business's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, sell-side analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, June 27th. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. Ralph Lauren's payout ratio is 31.44%.

Ralph Lauren declared that its board has initiated a stock repurchase program on Thursday, May 22nd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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.