Crossmark Global Holdings Inc. Trims Stake in Ralph Lauren Co. (NYSE:RL)

Crossmark Global Holdings Inc. cut its position in Ralph Lauren Co. (NYSE:RL) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,906 shares of the textile maker’s stock after selling 2,489 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $4,598,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC boosted its stake in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the period. AM Squared Ltd purchased a new position in Ralph Lauren during the 3rd quarter worth $58,000. Quent Capital LLC increased its stake in Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

NYSE:RL opened at $250.60 on Thursday. Ralph Lauren Co. has a 12-month low of $138.21 and a 12-month high of $250.95. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. The company’s 50-day moving average is $229.15 and its two-hundred day moving average is $199.24. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Research analysts expect that Ralph Lauren Co. will post 11.75 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.32%. Ralph Lauren’s payout ratio is currently 31.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RL shares. Barclays increased their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. UBS Group boosted their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $228.09.

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