Fox Run Management L.L.C. Sells 14,180 Shares of Ralph Lauren Corporation $RL

Fox Run Management L.L.C. cut its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 91.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,263 shares of the textile maker’s stock after selling 14,180 shares during the quarter. Fox Run Management L.L.C.’s holdings in Ralph Lauren were worth $396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after buying an additional 117,494 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Ralph Lauren by 18.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock worth $10,147,000 after acquiring an additional 5,075 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Ralph Lauren by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock worth $83,282,000 after acquiring an additional 18,355 shares during the period. Winnow Wealth LLC bought a new stake in Ralph Lauren during the 3rd quarter worth approximately $899,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Ralph Lauren by 159.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock valued at $3,171,000 after purchasing an additional 6,213 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 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 completion of the transaction, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 38.34% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a report on Thursday, January 22nd. Guggenheim started coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Evercore set a $420.00 price objective on Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Citigroup upped their price objective on Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $388.19.

Ralph Lauren Stock Down 4.4%

RL opened at $362.09 on Monday. The firm has a 50-day simple moving average of $362.44 and a two-hundred day simple moving average of $338.89. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $389.15. The company has a market capitalization of $21.92 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm posted $4.82 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio 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.