Crossmark Global Holdings Inc. Decreases Holdings in Ralph Lauren Corporation $RL

Crossmark Global Holdings Inc. cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 29.0% in the 4th quarter, HoldingsChannel reports. The firm owned 19,563 shares of the textile maker’s stock after selling 7,990 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. increased its holdings in Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after acquiring an additional 32 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after acquiring an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Ralph Lauren by 23.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock worth $63,000 after acquiring an additional 34 shares during the last quarter. Polymer Capital Management US LLC increased its holdings in Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 34 shares during the last quarter. Finally, 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 worth $31,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $358.08 on Friday. The company has a market cap of $21.68 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $357.09 and a 200-day moving average price of $354.61. Ralph Lauren Corporation has a 12-month low of $246.72 and a 12-month high of $393.41.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $4.82 EPS. As a group, equities analysts forecast that Ralph Lauren Corporation will post 16.27 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.85%.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the firm’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 transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RL. Weiss Ratings lowered Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 29th. Jefferies Financial Group decreased their price objective on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. Argus lifted their price objective on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, UBS Group lifted their price objective on Ralph Lauren from $477.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.31.

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.