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

LBP AM SA decreased its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing 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.

Several other hedge funds have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Ralph Lauren by 3.4% during the 4th 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 in the last quarter. FMR LLC lifted its holdings in Ralph Lauren by 16.9% during the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after buying an additional 205,121 shares in the last quarter. Invesco Ltd. lifted its holdings in Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock worth $285,841,000 after buying an additional 289,924 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after buying an additional 82,819 shares in the last quarter. Finally, Boston Partners lifted its holdings in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after buying an additional 65,303 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Analysts Set New Price Targets

RL has been the topic of a number of research reports. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Thursday, May 22nd. Citigroup increased their price objective on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Telsey Advisory Group reissued an "outperform" rating and issued a $315.00 price objective on shares of Ralph Lauren in a research report on Wednesday, June 18th. Needham & Company LLC reissued a "buy" rating and issued a $310.00 price objective on shares of Ralph Lauren in a research report on Friday, May 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Stock Performance

Ralph Lauren stock traded down $0.35 during midday trading on Thursday, hitting $290.21. 616,738 shares of the company's stock were exchanged, compared to its average volume of 809,115. Ralph Lauren Corporation has a 12-month low of $155.96 and a 12-month high of $295.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.78. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.17 and a beta of 1.49. The firm's 50 day simple moving average is $269.32 and its 200 day simple moving average is $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 EPS for the quarter, beating the consensus estimate of $2.00 by $0.27. The firm had revenue of $1.70 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. Equities research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current 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 issued a dividend of $0.9125 per share. The ex-dividend date is Friday, June 27th. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.26%. Ralph Lauren's payout ratio is 31.44%.

Ralph Lauren announced that its board has initiated a share 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 repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Ralph Lauren Company 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.