Ralph Lauren Corporation $RL Shares Sold by Danske Bank A S

Key Points

• Danske Bank A/S cut its stake in Ralph Lauren by 14.1% in Q4, selling 5,117 shares and retaining 31,258 shares worth about $11.05 million.
• CEO Patrice Louvet sold 47,000 shares on Feb. 10 for roughly $16.65 million, reducing his ownership by 35.46%; insiders still hold about 38.34% of the company.
• Ralph Lauren beat quarterly expectations with $6.22 EPS vs. $5.80 expected and revenue of $2.41 billion (+12.2% YoY); shares trade near $354.50, market cap ≈ $21.5B, and the company pays a $3.65 annual dividend (≈1.0% yield).

Danske Bank A S reduced its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,258 shares of the textile maker's stock after selling 5,117 shares during the period. Danske Bank A S owned approximately 0.05% of Ralph Lauren worth $11,053,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RL. JPL Wealth Management LLC acquired a new stake in Ralph Lauren in the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at $28,000. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at $29,000. Rothschild Investment LLC increased its holdings in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Ralph Lauren in the 2nd quarter valued at $32,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 2.1%

Shares of Ralph Lauren stock opened at $354.50 on Tuesday. The business has a 50-day moving average of $357.85 and a 200-day moving average of $353.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The company has a market capitalization of $21.46 billion, a PE ratio of 24.13, a P/E/G ratio of 1.27 and a beta of 1.37. Ralph Lauren Corporation has a 1-year low of $230.63 and a 1-year high of $393.41.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm earned $4.82 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Ralph Lauren Corporation will post 16.25 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $0.9125 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren's dividend payout ratio (DPR) is presently 24.85%.

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were 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 of the company's stock, valued at approximately $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 accessible through this hyperlink. Insiders own 38.34% of the company's stock.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a report on Thursday, January 8th. Citigroup upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price target for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. UBS Group reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, March 3rd. BTIG Research raised their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded Ralph Lauren from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.19.

About Ralph Lauren

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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