Crossmark Global Holdings Inc. Has $4.99 Million Stock Position in Ralph Lauren Corporation (NYSE:RL)

Crossmark Global Holdings Inc. grew its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,590 shares of the textile maker's stock after acquiring an additional 2,684 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Ralph Lauren were worth $4,987,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. TD Private Client Wealth LLC raised its position in Ralph Lauren by 20.4% in the first quarter. TD Private Client Wealth LLC now owns 537 shares of the textile maker's stock worth $119,000 after acquiring an additional 91 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Ralph Lauren by 8.1% during 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 last quarter. World Investment Advisors acquired a new stake in shares of Ralph Lauren during the first quarter valued at $245,000. Truist Financial Corp boosted its stake in shares of Ralph Lauren by 7.8% during the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker's stock valued at $66,407,000 after acquiring an additional 21,681 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Ralph Lauren in the 1st quarter worth about $801,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RL. Cfra Research lowered Ralph Lauren from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, May 20th. Needham & Company LLC reiterated a "buy" rating and set a $310.00 target price on shares of Ralph Lauren in a report on Friday, May 23rd. BMO Capital Markets lifted their price objective on Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. Barclays lifted their price objective on Ralph Lauren from $260.00 to $321.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, The Goldman Sachs Group boosted their price target on Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $292.88.

Ralph Lauren Stock Performance

RL stock traded down $0.35 during trading on Thursday, reaching $290.21. 616,738 shares of the company's stock were exchanged, compared to its average volume of 809,115. The company has a quick ratio of 1.33, a current ratio of 1.78 and a debt-to-equity ratio of 0.38. Ralph Lauren Corporation has a 1-year low of $155.96 and a 1-year high of $295.50. The company's fifty day moving average price is $270.64 and its 200-day moving average price is $248.20. The firm has a market cap of $17.51 billion, a PE ratio of 25.00, a P/E/G ratio of 2.22 and a beta of 1.49.

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

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change 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 of Directors has initiated a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.