King Luther Capital Management Corp Sells 5,010 Shares of Ralph Lauren Corporation $RL

King Luther Capital Management Corp trimmed its position in shares of Ralph Lauren Corporation (NYSE:RL) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,086 shares of the textile maker’s stock after selling 5,010 shares during the period. King Luther Capital Management Corp owned about 0.17% of Ralph Lauren worth $37,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RL. Expressive Wealth LLC bought a new position in Ralph Lauren in the fourth quarter worth about $466,000. Williamson Legacy Group LLC raised its stake in Ralph Lauren by 18.4% in the fourth quarter. Williamson Legacy Group LLC now owns 4,100 shares of the textile maker’s stock worth $1,450,000 after buying an additional 637 shares in the last quarter. AlphaQuest LLC raised its stake in Ralph Lauren by 553.9% in the fourth quarter. AlphaQuest LLC now owns 7,781 shares of the textile maker’s stock worth $2,751,000 after buying an additional 6,591 shares in the last quarter. Clearstead Advisors LLC raised its stake in Ralph Lauren by 17.5% in the fourth quarter. Clearstead Advisors LLC now owns 3,160 shares of the textile maker’s stock worth $1,117,000 after buying an additional 471 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Ralph Lauren by 76.3% in the fourth quarter. Hantz Financial Services Inc. now owns 171 shares of the textile maker’s stock worth $60,000 after buying an additional 74 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on RL. Jefferies Financial Group decreased their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group increased their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Price Performance

Shares of RL opened at $382.31 on Wednesday. The stock has a market cap of $23.15 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41. The firm’s 50-day simple moving average is $355.91 and its two-hundred day simple moving average is $356.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 earnings per share. Analysts anticipate that Ralph Lauren Corporation will post 18.12 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio is currently 24.16%.

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.