Ralph Lauren Corporation $RL Holdings Decreased by Burney Co.

Key Points

• Burney Co. reduced its stake in Ralph Lauren by 16.5% to 37,733 shares (about $13.34M), even as other institutions like Orion Portfolio Solutions massively increased positions; institutional/hedge funds now own about 67.9% of the stock.
• Q4 results beat expectations: EPS $6.22 vs. $5.80 and revenue $2.41B vs. $2.30B (revenue +12.2% year-over-year), and the company paid a quarterly dividend of $0.9125 ($3.65 annual, ~1.0% yield).
• Insider and analyst activity: CEO Patrice Louvet sold 47,000 shares (~$16.65M), reducing his stake by 35.46% while insiders own 38.34%; analysts mostly rate RL a "Moderate Buy" with a consensus target near $391.56 and several recent target increases.

Burney Co. decreased its holdings in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,733 shares of the textile maker's stock after selling 7,440 shares during the quarter. Burney Co. owned 0.06% of Ralph Lauren worth $13,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RL. Orion Porfolio Solutions LLC grew its holdings in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Ralph Lauren during the third quarter valued at $86,719,000. Jupiter Asset Management Ltd. purchased a new position in shares of Ralph Lauren during the third quarter valued at $74,841,000. Two Sigma Investments LP grew its holdings in shares of Ralph Lauren by 137.1% during the third quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker's stock valued at $113,516,000 after buying an additional 209,330 shares in the last quarter. Finally, Scopus Asset Management L.P. grew its holdings in shares of Ralph Lauren by 190.3% during the third quarter. Scopus Asset Management L.P. now owns 221,500 shares of the textile maker's stock valued at $69,454,000 after buying an additional 145,189 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL stock opened at $380.29 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a fifty-two week low of $188.69 and a fifty-two week high of $389.15. The stock's 50-day moving average is $354.07 and its two-hundred day moving average is $348.01. The firm has a market cap of $23.02 billion, a P/E ratio of 25.89, a PEG ratio of 1.33 and a beta of 1.46.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping analysts' consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.82 earnings per share. Analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, March 27th. Ralph Lauren's payout ratio is 24.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RL shares. Citigroup upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price target for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Barclays lifted their price target on Ralph Lauren from $416.00 to $430.00 and gave the company an "overweight" rating in a report on Friday, March 6th. BTIG Research lifted their price target on Ralph Lauren from $400.00 to $435.00 and gave the company a "buy" rating in a report on Friday, February 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $435.00 price target on shares of Ralph Lauren in a report on Thursday, February 5th. Finally, Jefferies Financial Group lowered their target price on Ralph Lauren from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus price target of $391.56.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 38.34% of the stock is owned by insiders.

Ralph Lauren Company Profile

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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