Rockefeller Capital Management L.P. Sells 35,118 Shares of Ralph Lauren Corporation $RL

Rockefeller Capital Management L.P. lessened its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 77.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,376 shares of the textile maker’s stock after selling 35,118 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ralph Lauren were worth $3,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Oregon Public Employees Retirement Fund raised its position in Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after buying an additional 31 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Ralph Lauren by 14.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock worth $90,000 after purchasing an additional 31 shares in 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 valued at $63,000 after acquiring an additional 34 shares during the last quarter. Polymer Capital Management US LLC grew its stake in shares of 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 buying an additional 34 shares in the last quarter. Finally, Vident Advisory LLC raised its position in Ralph Lauren by 3.0% during the fourth quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock valued at $445,000 after purchasing an additional 37 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RL shares. BTIG Research restated a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd. Barclays boosted their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Bank of America upped their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wall Street Zen lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, UBS Group upped their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Trading Up 0.4%

NYSE:RL opened at $411.69 on Friday. Ralph Lauren Corporation has a 12-month low of $266.20 and a 12-month high of $421.60. The firm has a market cap of $24.50 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $373.85 and a 200 day moving average price of $363.68.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 EPS. Sell-side analysts anticipate that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio is currently 24.16%.

About Ralph Lauren

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.