Ralph Lauren Corporation $RL Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,538 shares of the textile maker’s stock after selling 15,145 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Ralph Lauren were worth $79,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Ralph Lauren by 7.4% during the third quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock worth $83,282,000 after buying an additional 18,355 shares during the last quarter. Winnow Wealth LLC purchased a new position in Ralph Lauren in the 3rd quarter valued at $899,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Ralph Lauren by 116.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 47,445 shares of the textile maker’s stock worth $14,877,000 after buying an additional 25,569 shares during the last quarter. ING Groep NV increased its stake in shares of Ralph Lauren by 33.1% during the third quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock worth $8,020,000 after acquiring an additional 6,354 shares during the period. Finally, Vest Financial LLC increased its position in Ralph Lauren by 177.9% during the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after purchasing an additional 35,016 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on RL. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Bank of America lifted their price objective on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group boosted their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Trading Down 1.3%

NYSE RL opened at $371.35 on Friday. 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 one year low of $258.13 and a one year high of $393.41. The company’s 50 day moving average price is $357.10 and its 200 day moving average price is $357.25. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.88 and a beta of 1.37.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Ralph Lauren Corporation will post 18.22 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is 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.