Schroder Investment Management Group Sells 6,311 Shares of Ralph Lauren Corporation $RL

Key Points

• Schroder Investment Management trimmed its stake in Ralph Lauren by 4.3%, selling 6,311 shares and leaving it with 139,303 shares valued at about $42.99 million.
• CEO Patrice Louvet sold 47,000 shares at an average price of $354.22 for roughly $16.65 million, reducing his ownership by 35.46% to 85,552 shares (≈$30.3 million).
• Ralph Lauren beat expectations for the quarter with EPS of $6.22 versus $5.80 and revenue of $2.41 billion (up 12.2% year-over-year), and it pays a quarterly dividend of $0.9125 ($3.65 annually, ~1.1% yield).

Schroder Investment Management Group lessened its holdings in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,303 shares of the textile maker's stock after selling 6,311 shares during the quarter. Schroder Investment Management Group owned about 0.23% of Ralph Lauren worth $42,994,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RL. Jefferies Financial Group Inc. lifted its stake in shares of Ralph Lauren by 481.2% during the 3rd quarter. Jefferies Financial Group Inc. now owns 4,400 shares of the textile maker's stock valued at $1,380,000 after buying an additional 3,643 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Ralph Lauren by 78.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 4,417 shares of the textile maker's stock valued at $1,385,000 after buying an additional 1,941 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Ralph Lauren in the 3rd quarter valued at approximately $1,229,000. HUB Investment Partners LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at $357,000. Finally, Trustmark Bank Trust Department lifted its position in shares of Ralph Lauren by 2.8% during the third quarter. Trustmark Bank Trust Department now owns 22,168 shares of the textile maker's stock worth $6,951,000 after acquiring an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 85,552 shares of the company's stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.34% of the company's stock.

Wall Street Analyst Weigh In

RL has been the subject of a number of analyst reports. Guggenheim initiated coverage on Ralph Lauren in a report on Tuesday, December 9th. They issued a "neutral" rating for the company. Wells Fargo & Company increased their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, December 16th. Citigroup raised their target price on Ralph Lauren from $333.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. Weiss Ratings raised Ralph Lauren from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday, March 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $435.00 price target on shares of Ralph Lauren in a research report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $389.06.

Ralph Lauren Trading Down 2.1%

Ralph Lauren stock opened at $338.94 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The stock has a market cap of $20.52 billion, a P/E ratio of 23.07, a PEG ratio of 1.35 and a beta of 1.47. The firm's fifty day moving average price is $360.74 and its 200-day moving average price is $342.00.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) 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 analyst estimates of $2.30 billion. During the same quarter last year, the company earned $4.82 earnings per share. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, December 26th. Ralph Lauren's dividend payout ratio (DPR) is 24.85%.

Ralph Lauren 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.