Lbp Am Sa Sells 1,098 Shares of Ralph Lauren Corporation (NYSE:RL)

Lbp Am Sa reduced its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,195 shares of the textile maker's stock after selling 1,098 shares during the period. Lbp Am Sa's holdings in Ralph Lauren were worth $5,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RL. Linden Thomas Advisory Services LLC raised its position in shares of Ralph Lauren by 8.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 5,896 shares of the textile maker's stock valued at $1,301,000 after acquiring an additional 479 shares during the period. 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 position 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 buying an additional 2,684 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Ralph Lauren by 20.4% during the 1st quarter. TD Private Client Wealth LLC now owns 537 shares of the textile maker's stock worth $119,000 after buying an additional 91 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Ralph Lauren by 8.1% in the first 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. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RL. Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Thursday, May 22nd. UBS Group set a $384.00 price objective on shares of Ralph Lauren and gave the company a "buy" rating in a report on Friday, May 23rd. Citigroup lifted their price target on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Cfra Research cut Ralph Lauren from a "hold" rating to a "moderate sell" rating in a report on Tuesday, May 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $315.00 target price on shares of Ralph Lauren in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Trading Up 1.9%

Shares of Ralph Lauren stock opened at $290.44 on Thursday. Ralph Lauren Corporation has a 1 year low of $155.96 and a 1 year high of $292.30. The firm has a market cap of $17.52 billion, a PE ratio of 25.02, a PEG ratio of 2.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.78 and a quick ratio of 1.33. The company has a 50 day simple moving average of $269.32 and a two-hundred day simple moving average of $247.79.

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

Ralph Lauren announced that its board has authorized a share repurchase plan on Thursday, May 22nd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.9125 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.65 annualized dividend and a dividend yield of 1.26%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. Ralph Lauren's dividend payout ratio is presently 31.44%.

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.

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