Lbp Am Sa Sells 5,847 Shares of Ralph Lauren Co. (NYSE:RL)

Lbp Am Sa lowered its stake in Ralph Lauren Co. (NYSE:RL) by 21.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,577 shares of the textile maker’s stock after selling 5,847 shares during the period. Lbp Am Sa’s holdings in Ralph Lauren were worth $4,051,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new position in Ralph Lauren during the first quarter worth about $42,000. GAMMA Investing LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter worth $45,000. EntryPoint Capital LLC bought a new position in shares of Ralph Lauren in the first quarter worth $63,000. Mather Group LLC. acquired a new position in Ralph Lauren in the first quarter valued at about $64,000. Finally, Headlands Technologies LLC acquired a new stake in Ralph Lauren during the first quarter worth about $156,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Down 1.7 %

NYSE RL traded down $2.99 during mid-day trading on Thursday, reaching $172.60. 809,125 shares of the stock were exchanged, compared to its average volume of 940,408. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.68. The stock has a market cap of $10.79 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.41 and a beta of 1.51. The stock has a 50 day simple moving average of $177.00 and a 200-day simple moving average of $171.28. Ralph Lauren Co. has a one year low of $108.60 and a one year high of $192.03.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, analysts anticipate that Ralph Lauren Co. will post 11.09 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.825 dividend. The ex-dividend date was Friday, June 28th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.91%. Ralph Lauren’s dividend payout ratio (DPR) is currently 33.95%.

Insider Activity at Ralph Lauren

In related news, COO Jane Nielsen sold 67,243 shares of Ralph Lauren stock in a transaction on Friday, May 24th. The shares were sold at an average price of $171.25, for a total value of $11,515,363.75. Following the completion of the sale, the chief operating officer now owns 44,591 shares of the company’s stock, valued at approximately $7,636,208.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RL. Argus reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. UBS Group upped their price objective on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wells Fargo & Company cut their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. TD Cowen lowered their price target on shares of Ralph Lauren from $202.00 to $196.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Guggenheim reissued a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a report on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $170.42.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.