Intech Investment Management LLC Sells 6,904 Shares of Ralph Lauren Corporation $RL

Intech Investment Management LLC cut its position in shares of Ralph Lauren Corporation (NYSE:RL) by 45.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,142 shares of the textile maker’s stock after selling 6,904 shares during the quarter. Intech Investment Management LLC’s holdings in Ralph Lauren were worth $2,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Baker Avenue Asset Management LP increased its position in shares of Ralph Lauren by 28.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 2,343 shares of the textile maker’s stock valued at $829,000 after purchasing an additional 518 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ralph Lauren by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after purchasing an additional 54,686 shares during the last quarter. Expressive Wealth LLC bought a new position in shares of Ralph Lauren during the 4th quarter valued at about $466,000. Williamson Legacy Group LLC increased its position in shares of Ralph Lauren by 18.4% during the 4th quarter. Williamson Legacy Group LLC now owns 4,100 shares of the textile maker’s stock valued at $1,450,000 after purchasing an additional 637 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Ralph Lauren by 553.9% during the 4th quarter. AlphaQuest LLC now owns 7,781 shares of the textile maker’s stock valued at $2,751,000 after purchasing an additional 6,591 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Down 0.7%

NYSE RL opened at $363.84 on Wednesday. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The stock has a 50 day simple moving average of $358.08 and a two-hundred day simple moving average of $357.69. The stock has a market cap of $21.66 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last released 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. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business posted $2.27 EPS. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Corporation will post 18.29 earnings per share for the current 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 is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RL shares. UBS Group increased their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays increased their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Telsey Advisory Group restated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Finally, Bank of America increased their target price on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $428.29.

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.